AP_Krugman_Textbook
360 section 6 Inflation, Unemployment, and Stabilization Policies Module 36 AP Review Check Your Understanding What debates has ...
Summary 361 Summary 1.Some of the fluctuations in the budget balance are due to the effects of the business cycle. In order to s ...
362 section 6 Inflation, Unemployment, and Stabilization Policies 13.Deflation poses several problems. It can lead to debt defla ...
Summary 363 1.The government’s budget surplus in Macroland has risen con- sistently over the past five years. Two government pol ...
364 section 6 Inflation, Unemployment, and Stabilization Policies 12.In the modern world, central banks are free to increase or ...
Summary 365 Nixon entered office in January 1969 and was reelected in No- vember 1972. He resigned in August 1974.) 15.The econo ...
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China is growing—and so are the Chinese. According to of- ficial statistics, children in China are almost 2^1 ⁄ 2 inches taller ...
What you will learn in this Module: 368 section 7 Economic Growth and Productivity How we measure long-run economic growth How ...
person as it did in 1908. Alternatively, in 1908, the U.S. economy produced only 15% as much per person as it did in 2008. The i ...
370 section 7 Economic Growth and Productivity Low income ($899 or less) Middle-low income, less than $5,000 ($900–4,999) Middle ...
Growth Rates How did the United States manage to produce nearly seven times more per person in 2008 than in 1908? A little bit a ...
372 section 7 Economic Growth and Productivity After 20 years of being sluggish, U.S. productiv- ity growth accelerated sharply ...
module 37 Long-run Economic Growth 373 Section 7 Economic Growth and Productivity rose 1.5% per year. Real GDP per capita rose 1 ...
374 section 7 Economic Growth and Productivity Module 37 AP Review Check Your Understanding Why do economists focus on real GDP ...
module 37 Long-run Economic Growth 375 Section 7 Economic Growth and Productivity Answer (6 points) 1 point:Zimbabwe 1 point:It ...
What you will learn in this Module: 376 section 7 Economic Growth and Productivity How changes in productivity are illustrated ...
real GDP per worker, holding human capital per worker and the state of technology fixed. In this example, we measure the quantit ...
as productive as a worker with only a $15,000 tractor and no additional human cap- ital. But diminishing returns to any one inpu ...
and productivity, but this time given the technology available in 2010. (We’ve chosen a 70-year stretch to allow us to use the R ...
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