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Presentation ECON 112 Chapter 5 Principles of Microeconomics, ISBN: 9781260326475 $9.49   Add to cart

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Presentation ECON 112 Chapter 5 Principles of Microeconomics, ISBN: 9781260326475

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Presentation ECON 112 (ECON112) Principles of Microeconomics, ISBN: 6475 PPT presentation of chapter 5 includes the teacher's presentation with a detailed textbook based presentation with high resolution graphic with detailed explanation, glossary, definition

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  • October 5, 2022
  • 73
  • 2022/2023
  • Presentation
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Available practice questions

Flashcards 11 Flashcards
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Some examples from this set of practice questions

1.

If the import function is IM = 20 + 0.3Y and income is 100 then how much will be imported?

Answer: 50 (purchase the note in order to see the full detail) - chapter 5

2.

What is the level of GDP called when all the resources are being fully utilized at the normal level?

Answer: Potential GDP

3.

Potential GDP is interchangeable without all except which?

Answer: Long-run demand

4.

_____GDP occurs when there is no cyclical unemployment?

Answer: potential

5.

The production possibilities curve shows what an economy...?

Answer: is capable of producing

6.

What is the economy\'s capacity to produce at full employment better know as?

Answer: Potential GDP

Aggregate Demand & Supply

,Aggregate Demand (AD)
— Total quantity of final goods and services that
consumers, businesses, government, and those living
outside the country would buy at various prices

,Aggregate Demand
— Why is the AD downward sloping?

, Determinants of
AD

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