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The Study of Economics
Questions for Study
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additional agricultural amount balance of payments balance of trade began bonds Britain British businessmen capital Chapter cities competitors Consequently consumer consumption countries currency deficits demand curve demand deposits depression devaluation dollars economic development economists effect employers Europe European expand export balance factories farm farmers Federal Reserve banks Federal Reserve system firms foreign France free trade funds Germany gold standard grow growth important increase Industrial Revolution inflation interest rates International Monetary Fund investment Keynes laissez-faire less developed nations limited loans marginal cost ment monetary money supply monopoly national income nomic normal profits percent perfect competition policies poor population poverty problems production profits purchases putting-out system quantity railroads reduce result savings sell shift social society spending stimulate supply curve tariffs taxes tend theory tion total demand U.S. Steel unemployment unions United wages workers