Principles and Problems of Modern Economics |
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Page 241
... employment without inflation . At this full - employment level of national income , the people in the economy attempt to save a certain amount . Unless there is enough investment demand to absorb or " offset " this level of ex ante ...
... employment without inflation . At this full - employment level of national income , the people in the economy attempt to save a certain amount . Unless there is enough investment demand to absorb or " offset " this level of ex ante ...
Page 358
... employment status of various countries together . The negative foreign trade multiplier effects serve to reduce income , employment , and foreign trade all around . When income in the United States falls , we import less . Countries ...
... employment status of various countries together . The negative foreign trade multiplier effects serve to reduce income , employment , and foreign trade all around . When income in the United States falls , we import less . Countries ...
Page 417
... employment and a high level of income and output , but resources may not be efficiently employed . We still have the prob- lem of waste and inefficiency . The government may promote prosperity and full employment by putting people to ...
... employment and a high level of income and output , but resources may not be efficiently employed . We still have the prob- lem of waste and inefficiency . The government may promote prosperity and full employment by putting people to ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers