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4 Cards in this Set
- Front
- Back
- 3rd side (hint)
The best measure of a country's standard of living is |
GDP per capita |
GDP per ... |
|
An economic growth model explains |
Changes in the real GDP per capita in the long run. |
Changes in the real GDP per capita in the ... |
|
When additions of input to a fixed quantity of another input lead to progressively smaller increases in output, we say we are facing |
Diminishing returns |
... Returns |
|
The aggregate expenditure model focuses on the relationship between ......... And ........ In the short run, assuming ....... Is constant |
Total spending; real GDP; the price level |
Total ........; real ........; the ....... Level |