MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... Production Possibility Frontier are two types of goods : capital goods and consump- tion goods . Capital goods are goods that are used in the production process and can be used many times before they eventually wear out . Examples of ...
... Production Possibility Frontier are two types of goods : capital goods and consump- tion goods . Capital goods are goods that are used in the production process and can be used many times before they eventually wear out . Examples of ...
˹éÒ 58
... production ( percent ) a 4 0 b 3 40 C 2 70 d 1 90 e 0 100 0 25 50 75 e 125 150 100 Corn and cloth production ( percent ) If Jane devotes all her time to corn and cloth production , she produces no capital equipment ( row e of the table ) ...
... production ( percent ) a 4 0 b 3 40 C 2 70 d 1 90 e 0 100 0 25 50 75 e 125 150 100 Corn and cloth production ( percent ) If Jane devotes all her time to corn and cloth production , she produces no capital equipment ( row e of the table ) ...
˹éÒ 80
... production used to produce tapes increases The price of a substitute in production rises The price of a complement in production falls The price of a tape is expected to rise in the future The number of firms supplying tapes decreases ...
... production used to produce tapes increases The price of a substitute in production rises The price of a complement in production falls The price of a tape is expected to rise in the future The number of firms supplying tapes decreases ...
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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