Principles of Macroeconomics |
Contents
CHAPTER | 3 |
CHAPTER | 9 |
How the Economy as a Whole Works | 11 |
Copyright | |
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aggregate demand aggregate-demand curve aggregate-supply curve amount bank buyers and sellers capital outflow cars chapter comparative advantage computers consumer price index consumer surplus countries curve shifts deadweight loss demand curve dollar domestic economists economy's effects elasticity of demand equilibrium price equilibrium quantity example exchange rate Explain exports falls farmer Figure firms GDP deflator graph growth higher households ice cream Ice-Cream Cones important income increase inelastic inflation rate investment Isoland Isolandian loanable funds long-run macroeconomic measure monetary money supply net capital outflow opportunity cost output panel percent percentage change Phillips curve policymakers price ceiling price elasticity price level producer surplus production possibilities frontier quantity demanded quantity of money quantity supplied QuickQuiz raises rancher real GDP reduces saving sell short-run shows spending steel supply and demand supply curve tariff total revenue total surplus tradeoff U.S. economy unemployment variables workers world price