Economics |
Contents
Introduction | 1 |
OneTerm Courses | 3 |
Scarcity and Production Possibilities | 19 |
Copyright | |
102 other sections not shown
Common terms and phrases
adjust aggregate demand aggregate demand curve aggregate supply aggregate supply curve assets behavior benefits billion business cycle Chapter circular flow competitive consumers consumption cost decrease deficit demand deposits demand for money depository institutions dollar economic activity economists effect equal fall Figure firms fiscal policy full employment government spending gross national product growth higher increase inflation rate interest rates Keynes Laffer curve less loans long-run lower macroeconomic marginal propensity ment monetarism monetarists monetary policy money stock multiplier national income level output P₁ payments percent Phillips curve planned investment planned saving price level production possibilities curve profits rate of inflation rational expectations real GNP real national income reduce reserve deposit reserve requirement rise shift short-run slope supply curve supply-side supply-side economics tax cut tax revenues tion total planned expenditures U.S. Government unemployed unemployment unemployment rate velocity workers Y₁