Lecture_2_2010_M - '9.+C /+=?</7/8> 9?0=80/4,?0...

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[email protected] ;B1> 8;:3 <1>5;0? ;2 @591 @41?1 /-: 35B1 ?A.?@-:@5-88E 05M1>1:@ :A9.1>? ;> 1D-9<81 /;9<[email protected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email protected];:? ,4-@ ->1 @41 ?;A>/1? ;2 1/;:;95/ 3>;[email protected] ,4-@ [email protected]>95:1? [email protected]> /;A:@>51? 3>;C =A5/78E ;> ?8;C8E >1 @41>1 1/;:;95/ 2;>/1? @4-@ 0185B1> /;:B1>31:/1 )>[email protected] $=:;0=?40> :1 =:B?3 &,?0> '@;;:>0 ?B: A,=4,-70> 3,A0 2=:B?3 =,?0>  ,9/  1    ?309   1    ?309     1   ?309   :B /: B0 0>?,-74>3 ?30>0 =0>@7?> ...
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This note was uploaded on 02/27/2011 for the course ECONOMICS 201 taught by Professor P during the Spring '11 term at Columbia College.

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