Economics, Theory & PracticeIntroduction to economics; The macroeconomy; The microeconomy. The international economy. |
Contents
ECONOMIC DECISION MAKING | 28 |
Technology and Machinery Will Destroy Workers | 50 |
DEMAND SUPPLY AND | 58 |
Copyright | |
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amount antitrust average total cost borrowing budget buyers cause Chapter checkable deposits commercial banks consumer corporation debt decision decrease deficit demand curve demand-pull inflation depository institutions dollars earn economic activity economic profit equilibrium price example excess reserves expenditures exports factors of production Federal Reserve Bank Figure financial institutions firm fiscal policy foreign full employment graph households important income individual industry injections interest rate labor force leakages level of output loans long-run average total macroeconomic marginal benefit marginal cost marginal revenue maximize million monetary policy money supply monopolist monopolistically competitive nonprice occurs operation opportunity cost percent percentage person Phillips curve price index problem purchase purely competitive quantity demanded real GNP regulation relationship sector sell sellers spending stream supply curve Table taxes tion total spending trade transfer payments types U.S. dollars U.S. economy U.S. Government Printing variable workers