Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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หน้า 830
... input is measured on the horizontal axis , and real GDP is measured on the vertical axis . The short- run production function slopes upward , showing that more labour input produces more real GDP . The Marginal Product of Labour The ...
... input is measured on the horizontal axis , and real GDP is measured on the vertical axis . The short- run production function slopes upward , showing that more labour input produces more real GDP . The Marginal Product of Labour The ...
หน้า 831
... input . When the labour input increases by 10 billion hours from 25 billion to 35 billion hours , real GDP increases , but by less than in the previous case - by only $ 100 billion . Now the marginal product of labour is $ 10 an hour ...
... input . When the labour input increases by 10 billion hours from 25 billion to 35 billion hours , real GDP increases , but by less than in the previous case - by only $ 100 billion . Now the marginal product of labour is $ 10 an hour ...
หน้า 832
... input . For example , between 1993 and 1995 the production function shifts upward from PF to PF . A labour input of 25 billion hours produces $ 600 billion of real GDP in 1993 ( point c ) and $ 630 billion in 1995 ( point c ' ) . 93 95 ...
... input . For example , between 1993 and 1995 the production function shifts upward from PF to PF . A labour input of 25 billion hours produces $ 600 billion of real GDP in 1993 ( point c ) and $ 630 billion in 1995 ( point c ' ) . 93 95 ...
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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