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Class Notes at Ferris State University

ECON 221 Lecture Notes - Final Good, Product Market, Substitute Good

Economics 221 Notes continued Production Possibilities Frontier (PPF)-The locus of the points that separate attainable and unattainable production combinations. Assumptions: 1)Economy is operating efficiency(Full Employmen...

ECON - Economics
ECON 221
Roy Mclean
ECON 221 Lecture Notes - Money Supply, Federal Reserve System, Gross Domestic Product

Economics 221 Economics- The social science that deals with how society chooses to allocate scarce resources given limitless wants or desires. Resources- 1. Land 2. Labor 3. Capital-type of good 4. Entrepreneurship-keeps...

ECON - Economics
ECON 221
Roy Mclean
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