MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 131
... firm . The owner of the firm is a household , and the owner receives the firm's profit ( or makes good the firm's loss ) . Thus the total income that each firm pays out to households equals its revenue from the sale of final goods and ...
... firm . The owner of the firm is a household , and the owner receives the firm's profit ( or makes good the firm's loss ) . Thus the total income that each firm pays out to households equals its revenue from the sale of final goods and ...
˹éÒ 255
... firm that takes deposits from households and firms and makes loans to other households and firms . There are five types of finan- cial intermediaries whose deposits are components of the nation's money : Commercial banks ◇ Savings and ...
... firm that takes deposits from households and firms and makes loans to other households and firms . There are five types of finan- cial intermediaries whose deposits are components of the nation's money : Commercial banks ◇ Savings and ...
˹éÒ 345
... firm to hire that hour of labor . The firm is paying a real wage rate that is exactly the same as the marginal product of labor - 11 bottles of soda . That is , the firm's real wage rate is equal to the money wage rate of $ 5.50 an hour ...
... firm to hire that hour of labor . The firm is paying a real wage rate that is exactly the same as the marginal product of labor - 11 bottles of soda . That is , the firm's real wage rate is equal to the money wage rate of $ 5.50 an hour ...
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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