MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 83
... tapes a week , but no tapes are supplied . The quantity demanded exceeds the quantity supplied by 9 million tapes a week . In other words , at a price of $ 1 a tape , there is a shortage of 9 million tapes a week . This shortage is ...
... tapes a week , but no tapes are supplied . The quantity demanded exceeds the quantity supplied by 9 million tapes a week . In other words , at a price of $ 1 a tape , there is a shortage of 9 million tapes a week . This shortage is ...
˹éÒ 84
... tapes a week . Consumers cannot force producers to sell more than they want to sell , so the quantity sold is also 3 mil- lion tapes a week . What is the highest price that buyers are willing to pay for the 3 millionth tape each week ...
... tapes a week . Consumers cannot force producers to sell more than they want to sell , so the quantity sold is also 3 mil- lion tapes a week . What is the highest price that buyers are willing to pay for the 3 millionth tape each week ...
˹éÒ 88
... tape , trad- ing 6 million tapes a week , we can then work out what happens if demand falls back to its original level . You can see that the fall in demand decreases the equilibrium price to $ 3 a tape and decreases the equilibrium ...
... tape , trad- ing 6 million tapes a week , we can then work out what happens if demand falls back to its original level . You can see that the fall in demand decreases the equilibrium price to $ 3 a tape and decreases the equilibrium ...
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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