MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... average income , and the y - axis mea- sures average consumption . Each point represents average consumption and average income in the United States in a given year between 1980 and 1990. The points for all eleven years are “ scattered ...
... average income , and the y - axis mea- sures average consumption . Each point represents average consumption and average income in the United States in a given year between 1980 and 1990. The points for all eleven years are “ scattered ...
˹éÒ 103
... average level of prices . Its opposite is deflation , a downward movement in the average level of prices . The boundary between infla- tion and deflation is price stability . Price stability occurs when the average level of prices is ...
... average level of prices . Its opposite is deflation , a downward movement in the average level of prices . The boundary between infla- tion and deflation is price stability . Price stability occurs when the average level of prices is ...
˹éÒ 196
... Average Propensities to Consume and to Save The average propensity to consume ( APC ) is consump- tion expenditure divided by disposable income . Table 8.1 ( a ) shows you how to calculate the aver- age propensity to consume . Let's do ...
... Average Propensities to Consume and to Save The average propensity to consume ( APC ) is consump- tion expenditure divided by disposable income . Table 8.1 ( a ) shows you how to calculate the aver- age propensity to consume . Let's do ...
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$1 trillion aggre aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks billion hours business cycle capital CHAPTER consume consumption expenditure curve for real decrease deficit deposits dollars economists equal equilibrium expenditure example exports factors factors of production fall Federal Reserve Figure firms fiscal policy fluctuations forecast GDP deflator government purchases graph growth higher households labor curve labor force labor market long-run aggregate supply macroeconomic ment million tapes monetary policy money multiplier money supply money wage rate multiplier natural rate OPEC open market operation opportunity cost output Phillips curve price level production possibility frontier quantity demanded quantity of labor quantity of money quantity of real quantity supplied rational expectations Real GDP trillions real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trillions of 1987 U.S. economy unem unemployment rate