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In general, if GDP increases, this is usually an indicator of economic expansion and increased business activity. If GDP decreases, this is usually an indicator of economic contraction and decreased business activity.
At present, is GDP increasing or decreasing in the United States economy? Why?
More economic indicators: Inflation rates
1.What are some of the other effects of inflation on a national economy and on the people who live within that economy?
2.Also, how is inflation measured in the U.S. economy and in other national economies around the world?
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
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Sue loves ice cream but cannot stand frozen-yogurt desserts. In contrast, Carole likes both foods and can hardly tell the difference between the two. Who will have the more elastic demand for yogurt?
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1 sweaters are produced using machines and labour. the following table shows the isoquants associated with producing
Determine the defender's lowest EUAC what is the challenger's economic life? When, if at all, should we replace the defender with thechallenger?
in 1995 mango production in kenya fell by approximately 85 following a flood. the retail price of mangoes rose by a
microeconomics problem price gouging after disastersyour final research paper should be a minimum of four pages and not
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