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Unformatted text preview: a. Factories b. Mines c. Utilities 6. If a factory can turn out 2000 units a month at maximum and it is currently producing 1600 units then its capacity utilization is 80% 7. People either spend or save their after tax income. Those are the only 2 choices, saving means not spending. a. Savings rate i. The percentage of after-tax income that is saved. 8. Goods are either Durable and lasting longer than 3 years, or non-durable....
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This note was uploaded on 02/12/2009 for the course ECON 100 taught by Professor Hayworth during the Winter '08 term at Eastern Michigan University.
- Winter '08
- Consumer Price Index (CPI)