MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... elasticity , utility and demand , product curves and cost curves , perfect competition , monopoly , macroeconomic performance , aggregate demand and aggregate supply , expenditure multipli- ers , money and banking , and international ...
... elasticity , utility and demand , product curves and cost curves , perfect competition , monopoly , macroeconomic performance , aggregate demand and aggregate supply , expenditure multipli- ers , money and banking , and international ...
˹éÒ 586
... elasticity of demand of 1 ; the quantity demanded of a good and its price change in equal proportions . Unit of account An agreed measure for stating the prices of goods and services . Value added The value of a firm's output minus the ...
... elasticity of demand of 1 ; the quantity demanded of a good and its price change in equal proportions . Unit of account An agreed measure for stating the prices of goods and services . Value added The value of a firm's output minus the ...
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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