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Textbook Notes for Economics at George Washington University (GWU)

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GWUECON 1012Samaniego RobertoSpring

ECON 1012 Chapter Notes - Chapter 4-5: Unemployment, Discouraged Worker, Bulgarian Lev

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Income approach: measures gdp by summing the incomes that firms pay households for the services of the factors of production they hire wages for labor,
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GWUECON 2167YezerSpring

ECON 2167 Chapter Notes - Chapter 0: Neighborhood Watch, Life Insurance, Arson

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Indirect: opportunity cost of time lost to criminal activities, incarceration, crime prevention, and recovery after victimization. Cost of fear, agony,
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GWUECON 1011Yezer AnthonyFall

ECON 1011 Chapter Notes - Chapter 7: Ceteris Paribus, Marginal Product, Diminishing Returns

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The production process: the behavior of profit-maximizing firms. Firms purchase inputs to produce and sell outputs: demand factors of production, suppl
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GWUECON 1012Samaniego RobertoSpring

ECON 1012 Chapter Notes - Chapter 7-8: Moral Hazard, United States Treasury Security, Reserve Requirement

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Chapters 7 and 8: money is defined as any commodity or token that is generally acceptable as a means of payment, commodity money, fiat money: value not
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GWUECON 1012John VolpeSpring

ECON 1012 Chapter 15: Monetary policy: expansionary and contractionary

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GWUECON 1012John VolpeSpring

ECON 1012 Chapter 13: aggregate supply and demand

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GWUECON 1012Samaniego RobertoSpring

ECON 1012 Chapter Notes - Chapter 5-6: Unemployment, Capital Accumulation, Structural Unemployment

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GWUECON 1012John VolpeSpring

ECON 1012 Chapter 13: aggregate supply and demand continued

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GWUECON 1012John VolpeSpring

ECON 1012 Chapter 16: US Fiscal policy

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GWUECON 1012Samaniego RobertoSpring

ECON 1012 Chapter Notes - Chapter 7: High-Altitude Pulmonary Edema, Fot, Vale Limited

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GWUECON 1012Samaniego RobertoSpring

ECON 1012 Chapter Notes - Chapter 10: Stagflation, Potential Output

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GWUECON 1011Suranovic SteveFall

ECON 1011 Chapter Notes - Chapter 9: Demand Curve, Negative Number, Inferior Good

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Reasons for elasticities assigning magnitudes to the price-quantity relationships. Inelastic no matter what the price is, people will still relatively
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