MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 471
... trade creation . Trade diversion always occurs when a bloc is formed , because blocs are inher- ently discriminatory . The bloc by definition breaks down barriers within the bloc nations but not between them and the rest of the world ...
... trade creation . Trade diversion always occurs when a bloc is formed , because blocs are inher- ently discriminatory . The bloc by definition breaks down barriers within the bloc nations but not between them and the rest of the world ...
˹éÒ 487
... trade patterns , but partly also for other reasons , governments intervene in international trade , restricting its volume . Let's examine what happens when governments restrict international trade . We'll contrast restricted trade with ...
... trade patterns , but partly also for other reasons , governments intervene in international trade , restricting its volume . Let's examine what happens when governments restrict international trade . We'll contrast restricted trade with ...
˹éÒ 494
... trade barriers than the wages of the work- ers involved.3 ' For more on this topic , see " Expanding Trade and Avoiding Protectionism , " Economic Report of the President ( 1988 ) , pp . 127-162 . 2Murray Weidenbaum and N. Munger ...
... trade barriers than the wages of the work- ers involved.3 ' For more on this topic , see " Expanding Trade and Avoiding Protectionism , " Economic Report of the President ( 1988 ) , pp . 127-162 . 2Murray Weidenbaum and N. Munger ...
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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