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Aggregate demand in Keynesian analysisKey points Aggregate demand is the sum of four components: consumption, investment, government spending, and net exports. Consumption can change for a number of reasons, including movements in income, taxes, expectations about future income, and changes in wealth levels. Investment can change in response to its expected profitability, which in turn is shaped by...0 Commentarios 0 Acciones 10K Views 0 Vista previa
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MacroeconomicsIf you want to sum up what economics means, you could do so with the following statement: Individuals and societies are forced to make choices because most resources are scarce. Economics is the study of how individuals and societies choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of those decisions. Scarcity is...0 Commentarios 0 Acciones 6K Views 0 Vista previa
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Methodology for describing a business idea and working materials for the development of a business ideaMethodology for describing a business idea and working materials for the development of a business idea Formation of a business idea 1. Explanations and recommendations for the formation of a business idea. A true entrepreneur is always full of ideas, big and small. An entrepreneurial idea should take into account the environment in which the company operates and rely...0 Commentarios 0 Acciones 21K Views 0 Vista previa
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ScarcityScarcity in microeconomics Imagine going to the store with only $10 to spend. You find two items you really want: a book and a movie. Unfortunately, you can't afford both. You have to make a choice. This is an example of scarcity in action. In microeconomics, scarcity refers to the idea that resources are limited. It applies to physical resources like land, water, and oil, as well...0 Commentarios 0 Acciones 6K Views 0 Vista previa
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Tracking inflationKey points Price level is measured by constructing a hypothetical basket of goods and services—meant to represent a typical set of consumer purchases—and calculating how the total cost of buying that basket of goods increases over time. The rate of inflation is measured as the percentage change between price levels over time....0 Commentarios 0 Acciones 6K Views 0 Vista previa