Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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หน้า 548
... corn or cloth . If she works for 2 hours per day and spends the entire amount of time on corn production , she pro- duces 6 kilograms of corn per month . If that same time is used for cloth pro- duction , 1 metre of cloth is produced ...
... corn or cloth . If she works for 2 hours per day and spends the entire amount of time on corn production , she pro- duces 6 kilograms of corn per month . If that same time is used for cloth pro- duction , 1 metre of cloth is produced ...
หน้า 550
... corn and cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by ...
... corn and cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by ...
หน้า 557
... corn , Jane gives up less cloth than Joe . Hence Jane's opportunity cost of a kilogram of corn is lower than Joe's . This means that Jane has a com- parative advantage in producing corn . Joe's Comparative Advantage Joe's comparative ...
... corn , Jane gives up less cloth than Joe . Hence Jane's opportunity cost of a kilogram of corn is lower than Joe's . This means that Jane has a com- parative advantage in producing corn . Joe's Comparative Advantage Joe's comparative ...
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aggregate demand curve aggregate expenditure curve aggregate planned expenditure aggregate supply curve autonomous expenditure Bank of Canada billions of 1986 business cycle capital cars CHAPTER consumption expenditure consumption function decrease deficit demand and supply disposable income dollars economists effects equilibrium expenditure example expected exports factors of production falls Figure firms fiscal policy fluctuations GDP deflator government purchases graph gross domestic product growth households inflation rate investment demand curve Jane Jane's kilograms of corn labour force long-run aggregate supply macroeconomic marginal propensity ment metre of cloth million tapes monetary policy money supply multiplier opportunity cost output percent Phillips curve price level production possibility frontier quantity demanded quantity of labour quantity of money quantity of real quantity supplied Real GDP billions real interest rate real money real wage rate recession relationship rises short-run aggregate supply tapes a week taxes tion unem unemployment rate variables Walkman