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PROGRAM INTRODUCTION A
UNIT ONE AN INTRODUCTION TO ECONOMICS
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affect aggregate demand agricultural American Answers will vary banks billion budget business cycle capital Chapter chart companies competition consumer corporate costs debt decision decrease deficit democratic socialism developing nations dollar economic growth economic system ECONOMICS REPORTER economists example exchange factors of production Federal Reserve Federal Reserve System firms fiscal policy foreign free enterprise system goals graph increase individuals industry inflation investment investors Key Study Questions Key Understandings labor force loans major manufacturing Mbuti ment monetary monopolistic competition nomic oligopoly OPEC organization payments percent perfect competition petroleum price system profit programs purchase Questions and Key regressive tax regulations Review See Answers Review text savings sell social sole proprietorships spending stagflation Suggested Teaching Strategies sumers Summarizing Ideas supply-side economics tion trade types underground economy unemployment unions United States economy wages workers