MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... household . Some households consist of a single person , while others consist either of families or of groups of unrelated individuals , such as two or three students sharing an apartment . Each household has unlimited wants and limited ...
... household . Some households consist of a single person , while others consist either of families or of groups of unrelated individuals , such as two or three students sharing an apartment . Each household has unlimited wants and limited ...
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... households and firms . Households : ♢ Receive incomes in exchange for the supply of factors of production to firms ◇ Make expenditures on consumption goods and services bought from firms Save some of their incomes Firms : Pay incomes ...
... households and firms . Households : ♢ Receive incomes in exchange for the supply of factors of production to firms ◇ Make expenditures on consumption goods and services bought from firms Save some of their incomes Firms : Pay incomes ...
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... households . There are many factors that influence a household's consumption expenditure , but the two most important are ◇ Disposable income • Expected future income . 1. Disposable Income Disposable income is the aggregate income ...
... households . There are many factors that influence a household's consumption expenditure , but the two most important are ◇ Disposable income • Expected future income . 1. Disposable Income Disposable income is the aggregate income ...
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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