Principles and Problems of Modern Economics |
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Page 445
... higher interest rates may cause some people to save less rather than more . These are persons who are saving for future income through insurance plans and so forth . At the higher interest rate , their savings earn more and they need ...
... higher interest rates may cause some people to save less rather than more . These are persons who are saving for future income through insurance plans and so forth . At the higher interest rate , their savings earn more and they need ...
Page 555
... higher price must mean better quality facilitates price discrimination . The identical product can be sold by the same producer under two prices if the consumer assumes that the higher - priced article must be in some way better , since ...
... higher price must mean better quality facilitates price discrimination . The identical product can be sold by the same producer under two prices if the consumer assumes that the higher - priced article must be in some way better , since ...
Page 644
... higher wages . What would happen ? The supply curve of the factor would rise again , parallel to itself , to a higher level . It would then inter- sect the firm's demand for the factor farther to the left . The result would be the same ...
... higher wages . What would happen ? The supply curve of the factor would rise again , parallel to itself , to a higher level . It would then inter- sect the firm's demand for the factor farther to the left . The result would be the same ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
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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