MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 54
... cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by bearing the ...
... cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by bearing the ...
˹éÒ 55
... cloth . The first yard of cloth costs 2 pounds of corn . The next yard of cloth costs 3 pounds of corn . The opportunity cost of cloth rises as Jane produces more cloth , with the last yard of cloth costing 6 pounds of corn . Part ( a ) ...
... cloth . The first yard of cloth costs 2 pounds of corn . The next yard of cloth costs 3 pounds of corn . The opportunity cost of cloth rises as Jane produces more cloth , with the last yard of cloth costing 6 pounds of corn . Part ( a ) ...
˹éÒ 61
... cloth Jane's PPF 12 d Jane's initial 10 consumption 8 b ' 6 Joe's initial 4 consumption 2 f 1 1 2 3 4 5 6 7 8 Joe's PPF Cloth ( yards per month ) When Jane and Joe are each self - sufficient , Joe consumes 7 pounds of corn and 2 yards of ...
... cloth Jane's PPF 12 d Jane's initial 10 consumption 8 b ' 6 Joe's initial 4 consumption 2 f 1 1 2 3 4 5 6 7 8 Joe's PPF Cloth ( yards per month ) When Jane and Joe are each self - sufficient , Joe consumes 7 pounds of corn and 2 yards of ...
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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