Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 ˹éÒ |
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˹éÒ 1043
... factors of production that they own or control . Techniques of production - technologies - convert factors of production into goods and services . The economic problem is to choose the quantities of goods and services to produce ( what ) ...
... factors of production that they own or control . Techniques of production - technologies - convert factors of production into goods and services . The economic problem is to choose the quantities of goods and services to produce ( what ) ...
˹éÒ 1045
... production and distribution organizations are able to buy and sell , and then leave those organiza- tions free to ... Factors of production Firms Technology Goods and services Factor markets Alternative Systems Compared Since all ...
... production and distribution organizations are able to buy and sell , and then leave those organiza- tions free to ... Factors of production Firms Technology Goods and services Factor markets Alternative Systems Compared Since all ...
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... factors of production used to produce it . Factor incomes approach A measure of GDP obtained by adding together all the incomes paid by firms to households for the services of the factors of production they hire -wages , interest , rent ...
... factors of production used to produce it . Factor incomes approach A measure of GDP obtained by adding together all the incomes paid by firms to households for the services of the factors of production they hire -wages , interest , rent ...
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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