ECO 101 Test 2 Study Guide

ECO 101 Test 2 Study Guide - perishables profits...

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ECO 101 - Test 2 Study Guide Gross Domestic Product (GDP) net exports Say's law long-run aggregate supply short-run aggregate supply entrepreneurial ability consumer price index producer price index Index of leading economic indicators Adam Smith David Ricardo A. C. Pigou the classical model inflation aggregate supply shock aggregate demand shock national income barter economy intermediate goods capital goods durable goods non-durable goods
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Unformatted text preview: perishables profits expansionary gap recessionary gap cyclical unemployment seasonal unemployment structural unemployment frictional unemployment consumer price index formula secular deflation unemployment labor force labor force participation rate personal income value added salary real-balance effect inventory income approach expenditures approach business cycle interest...
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ECO 101 Test 2 Study Guide - perishables profits...

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