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an economy that is in equilibrium will be producing at a level of output equal to actual gdppotential gdpreal
the annual inflation rate is the yearly percent change in the real gdpcpiunemployment rateinterest
the difference between real gdp and nominal gdp reflects the degree to which we are achieving the macroeconomic goal
signals that a downturn is coming and is a condition to be expected at the peak of the business cyclenegative
nonmarket work includes time spenta producing goods and services for your employerb pursuing hobbies and craftsc
resource price differentials that do not trigger the reallocation of resources are known asa temporary differentialsb
nbsp signals that a recovery is coming and is a condition to be expected at the trough of the business cyclenegative
the market labor supply curve isa the sum of individual labor supply curves at each quantity of laborb the sum of
by itself the substitution effect of an increase in the wage rate willa always lead to an increase in the quantity of
the difference between income and consumption isa rentb profitc savingd opportunity coste roundabout
a medical doctor who specializes in a particular field eg surgery generally earns more than a general practitioner
a firms marginal rate of return on investment curve shows the amounta saved by the firm at each alternative interest
economic rent representsa a loss to society since resource owners do not earn itb the difference between marginal
if the loan interest rate is 15 apr compounded monthly 150000 is borrowed and repaid in 36 equal monthly payments how
federal excise taxes on gasoline vary widely across the developed world the united states has the lowest taxes at usd
-what is your opportunity cost for taking this class-if the government were to increase taxes on gasoline what will
sam bought a car for 40000 at ldquo0rdquo percent for 60 months the financing was done through the financial arm of the
john is planning on repaying a debt of 25000 with a quarterly payment 1200nbspnbsp for the next 23 quarters and a final
what are the characteristics of a pc firmusing hot dogs graph the market and the individual supply demand and costs for
the potomac range corporation manufactures a line of microwave ovens costing 500 each its sales have averaged about
you are considering expanding your product line that currently consists of skateboards to include gas-powered
supply and demand in the cell phone market make sure to include a graph with the initial equilibrium price and quantity
discuss how increasing your human capital may influence your ability to accept change and readiness to learn new skills
discuss how your expected and disposable future income after receiving your college degree may change your saving and