MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... factor markets . Goods markets are those in which goods and services are bought and sold . Factor markets are those in which factors of produc- tion are bought and sold . Factors of production are the economy's productive resources ...
... factor markets . Goods markets are those in which goods and services are bought and sold . Factor markets are those in which factors of produc- tion are bought and sold . Factors of production are the economy's productive resources ...
˹éÒ 137
... factor incomes earned by proprietorships into a single cate- gory . Net domestic income at factor cost is the sum of all factor incomes . Thus , if we add together the items that we have just reviewed , we arrive at this measure of ...
... factor incomes earned by proprietorships into a single cate- gory . Net domestic income at factor cost is the sum of all factor incomes . Thus , if we add together the items that we have just reviewed , we arrive at this measure of ...
˹éÒ 138
... factor incomes equals net domestic income at factor cost . GDP equals net domestic income at factor cost plus indirect taxes minus subsidies plus capital consumption ( depreciation ) . In 1992 , GDP measured by the factor incomes ...
... factor incomes equals net domestic income at factor cost . GDP equals net domestic income at factor cost plus indirect taxes minus subsidies plus capital consumption ( depreciation ) . In 1992 , GDP measured by the factor incomes ...
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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