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2 Cards in this Set
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- Back
Absolute Advantage
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In internation trade theory, a country which is able to produce a specific good more efficiantly than any other country.
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Accelerator Principle
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In macroeconomic models, relates changes in the rate of real output growth to the level of desired investment spending in the economy. A declin in the rate of real GDP growth will cause theamount of investment demand to decrease.
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