PRINCIPLES OF ECONOMICS phần 9 pptx

... money. Actually, of course, money is generally a very suitable measure of price. This is especially true of metallic money because of its high divisibility and because of the relatively greater stability of the ... measures of price. The function of serving as a measure of price is not, therefore, contained in the concept of money. Several economists have fused the concept...

Ngày tải lên: 09/08/2014, 19:22

... ϩ 3) Price of Ice-Cream Cone 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Quantity of Ice-Cream Cones $3.00 1.50 2.00 2.50 1.00 0.50 ؍ Figure 4-2 M ARKET D EMAND AS THE S UM OF I NDIVIDUAL D EMANDS . ... sum of all the individual demands for a particular good or service. Catherine’s Demand Price of Ice-Cream Cone Price of Ice-Cream Cone Nicholas’s Demand 0 1 2 3 4 5 6 7 8...

Ngày tải lên: 15/12/2013, 11:15

... responsiveness of quantity demanded or quantity supplied to one of its determinants price elasticity of demand a measure of how much the quantity demanded of a good responds to a change in the price of that ... about 80 percent of the nation’s oranges eaten as fruit, and 90 percent of lemons, and whole- salers said the retail prices of oranges could triple in the next few d...

Ngày tải lên: 15/12/2013, 11:15

... government 100 80 60 40 20 0 195 0 195 5 196 0 196 5 197 0 197 5 198 0 198 5 199 0 199 5 &apos ;98 Labor-Force Participation Rate (in percent) Women Men Figure 26-3 L ABOR -F ORCE P ARTICIPATION R ATES FOR M EN AND W OMEN SINCE 195 0. ... 199 8. 10 8 6 4 2 0 197 0 197 5 196 0 196 5 198 0 198 5 199 0 2000 Percent of Labor Force 199 5 Natural rate of unemployment Unemployment rate Figu...

Ngày tải lên: 15/12/2013, 11:15

... 45-54 197 0 43% 50% 45% 51% 54% 199 0 58 74 74 77 71 Why do you think that younger women experienced a bigger increase in labor-force participation than older women? 4. Between 199 7 and 199 8, total ... shown in the following table. M EN M EN M EN A LL M EN 16–24 25–54 55 AND OVER 197 0 80% 69% 96 % 56% 199 0 76 72 93 40 Which group experienced the largest decline? Given this informat...

Ngày tải lên: 15/12/2013, 11:15

... local Revenue as Percent of GDP Total government 190 2 192 2 192 7 191 3 194 0 193 2 197 0 198 0 199 0 199 8 195 0 196 0 Figure 12-1 G OVERNMENT R EVENUE AS A P ERCENTAGE OF GDP. This figure shows revenue of the federal ... THE F EDERAL G OVERNMENT : 199 9 A MOUNT A MOUNT P ERCENT T AX ( IN BILLIONS ) PER P ERSON OF R ECEIPTS Individual income taxes $ 8 69 $3, 194 48% Social insuran...

Ngày tải lên: 24/12/2013, 17:15

... and Domestic Investment (as a percentage of GDP) (b) Net Foreign Investment (as a percentage of GDP) 2000 196 0 196 5 199 5 199 0 198 5 198 0 197 5 197 0 2000 Figure 29- 2 N ATIONAL S AVIN G , D OMESTIC I NVESTMENT , ... growth in the capital stock, labor Percent of GDP 20 18 16 14 12 10 196 0 196 5 199 5 199 0 198 5 198 0 197 5 197 0 National saving Domestic investment Percent of G...

Ngày tải lên: 24/12/2013, 17:15

... also influence the quantity of goods and ser- vices supplied. For instance, consider the effects of tax changes on aggregate supply. One of the Ten Principles of Economics in Chapter 1 is that ... tax withholding. Similarly, when President Clinton moved into the Oval Office in 199 3, one of his first proposals was a “stimulus package” of increased govern- ment spending. His a...

Ngày tải lên: 24/12/2013, 17:15