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u]Absolute advantage^
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fV]Adverse choice^
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Du] Arc elasticity of demand^
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-]Q1-Q2^]P1P2^/]P1-P2^]Q1Q2^
DT]Asymmetric information^
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]Average cost^
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Tw( Average fixed cost^
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~]Average product^
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i]Average variable cost^
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Abilitytopay principle]of taxation^ ]|^IOh
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Absolute advantage(in international trade^ (T ^u
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Accelerator principle [tz
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Actual,cyc1icalA and structual budget wBgw Mcw
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Adaptive expectations Aw
w]expectations^C
Adjustable peg iv
@]Tw^vC
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Administered]or inflexible^ prices z]DB^
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Adverse selection fV
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Aggregate demand `D
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Aggregate demand]AD^curve `Du
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Aggregate supply `
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Aggregate supply]AS^curve `u
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Allocative efficiency
tmv
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Antitrust legislation k
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Appreciation]of a currency^ ]qf^
]qf^S]depreciation^C
Appropriable i
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Arbitrage MQ
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Asset
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Asset demand for money fD
fD]demand for money^C
Automatic]or builtin^stabilizers ]b^w

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Average cost
]costAaverage^o
Average cost curveAlongrun] LRAC LAC^u
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Average cost curveA shortrun] SRAC SAC^ uu
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Average fixed cost Tw
Tw]costA average fixed^C
Average product ~
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Average propensity to consume OV
OV]marginal propensity to consume^
Average revenue q `qH`PqAYqC
q@PC
Average variable cost i
i]costA average variable^C
B

](Beta^
]qOPpiIC@A{qo
q(Bond yield^
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]Breakeven chart^
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wu(Budget line^
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jP]Bundling^
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B

Balance of international payment


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Balance of trade TlB
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Balance of current account g`lB
TlB]balance of trade^C
Balance sheet t
YI@~]pCC@At[bbt@CC@H
Balanced budget w
w]budgetA balanced^C
BankAcommercial ~
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Bank money f
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bank reserves |
]reservesAbank^
Barriers to entry iJS
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Barter fT
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Benefit principle]of taxation^ ]|^qh
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Bond
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Breakeven point]in macroeconomics^ ]`g^I
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Bretton woods System pyLt


iv]adjustable peg^C
Broad money sqf
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Budget w
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BudgetAbalanced w
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Budget constraintw
wu]budget line^C
Budget deficit wr
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BudgetAgovernment Fw
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Budget line wu
bJwUAOwHiRU~XIyCw]bud
Budget surplus wl
FHWLXFPwr]budget deficit^C
Built-in stabilizers bw
w]automatic stabilizers^C
Business cycles ~g
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C

]Capital^
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q]Capital gain^
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Dq]Capitalism^
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(Cardinal utility^
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dS]Cartel^
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@D]Cobb-Douglas production function^
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]Collision^
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u]Comparative advantage^
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~]Complements^
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~]Constant-cost industry^
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Wq]Constant returns to scale^
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Ol]Consumer surplus^
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iv]Contestable market^
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u]Contract curve^
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I]Corner solution^
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Deu]Cross elasticity of demand^
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CIA CIGA or CIGX schedule CI,CIGA CIGX
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Capital(capital goodsA capital equipment^ ]~A]^

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Capital consumption allowance v
]depreciation^C
Capital deepening `
bgWzAOPvWCPs]capital widening^C
Capital gains Qo
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Capital markets
]fBB^iCgxWgM]financial inte
Capitaloutput ratio
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Capital widening s
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Capitalism Dq
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Cardinal utility
]ordinal utility^C
Cartel dS
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Central bank
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Change in demand vsDchange in quantity demanded DPDq
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Change in supply vsDsupply in quantity PB
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Checking account]or bank money^ b]f^
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Chicago School of Economics ]g^[
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Classical approach jz
jg]classical economics^
Classical economics jg
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Classical theories]in macroeconomics^ ]`g^jz
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Clearing market XM
~RF]flexible^ADMtFCbXMWA
Closed economy g
}g]open economy^C
Coase theorem wz
wP]Ronald Coase^X@[I]DuO@wz^A{bYUAg
Collective bargaining P
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Collusion
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Collusive oligopoly Yb_
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Command economy Og
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Commodity money ~f
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Common stock q
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Communism @Dq
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Comparative advantage]in international trade^ ]T^u
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Compensating differentials v]u^t
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CompetitionAimperfect v
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CompetionAperfect v
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Competitve equilibrium v
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Competitive market v
v]competitionAperfect^C
Complements ~
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Compound interest Q
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Concentration ratio
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Conglomerate VXpX~
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Conglomerate merger VX
]merger^C
Constant returns to scale WS
WS]returns to scale^C
Consumer price index O]CPI^
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Consumer surplus Ol
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Consumption O
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Consumption function O
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Consumption-possibility line Oiu
wu]budget line^C
Cooperative equilibrium X@
AUAHD@PI]joint payoffs^FGC
Corporate income tax qo|
q~bJx|C
Corporation q
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Correlation
tapb@_{C
CostAaverage
`]u`vAcostAtotal^HXC
CostAaverage fixed Tw
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CostAaverage variable i
i]uivAcostAvariable^HXC
CostAfixed Tw
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CostAmarginal
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CostAminimum C
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Costpush inflation qf
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CostAtotal `
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CostAvariable i
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Crawling]or sliding^peg ]^v
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Credit HU
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Cross elasticity of demand Deu
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Crowdingout hypothesis X]^
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Currency qf
MC
Currency appreciation]or depreciation ^ qf] S^
]qf^Sdepreciation]of a currency^]C
Current account g`b
TlB]balance of trade^C
Cyclical budgetgw
BgMcw]actualA cyclical and structural budget)C
Cyclical unemployment g~
~]frictional unemployment^
D

b_Ll]Deadweight loss of monopoly^


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Rb_Ll]Deadweight loss of monopsony^
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~]Decreasing-cost industry^
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Wq] Decreasing return to scale^
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Du]Demand curve^
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iUDu]Demand curve of loanable funds^
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K{v] Discount rate^
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iI(Diversifiable risk^
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Dt] Dominant firm^
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u]Dominant strategy^
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Yb_]Duopoly)
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Deadweight loss bl
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Debit
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Decreasing returns to scale WS
WS]returns to scale^C
Deficit spending rX
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Deflating]of economic data^ ]g^Y
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Deflation qfY
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Demand curve]or demand schedule^ Du]D^
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Demand for money fD
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Demand-pull inflation Dqf
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Demography Hf

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Depreciation]of an asset^ ]^
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Depreciation]of a currency^ ]qf^S
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Depression
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Derived demand D
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Devaluation
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Developing country oia
oFa]less developed country^C
Differentiated products t~
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Diminishing marginal utilityAlaw of W
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Diminishing returnsAlaw of qW
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Direct taxes |
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Discount rate K{v
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Discounting]of future income^ ]H^{
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Discrimination [
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Disequilibrium D
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Disinflation qf
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Disposable income itJ] DI^
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Disposable personal income HitJ
PitJ]disposable income^C
Dissaving txW
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Distribution t
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Division of labor u
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Dominant equilibrium u
u]dominant strategy^C
Dominant strategy u
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Downwardsloping demandAlaw of DVUW
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Duopoly Yb_
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Duopoly price war Yb_
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E

gv]Economic efficiency^
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gQ]Economic profit^
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g]Economic region of production^

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g]Economic resource^
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dg]Economies of scope^
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]Efficient markets hypothesis^
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]Ip]Endowment position^
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u]Engel curve^
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]Equilibrium^
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LO]Excess capacity^
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Xi|( Expansion path^
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f]Expected monetary vale^
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wQ]Expected profit^
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Tw]Expected value of perfect information^
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]Explicit costs^
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~g]External diseconomy^
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~g]External economy^
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Easymoney policy ePfF
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Econometrics gpq
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Economic goods g~
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Economic growth gW
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Economic reguation g
]regulation^C
Economic rent g
vgv]rentA economic^C
Economic surplus gl
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Economics of information Tg
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Economies of scale Wg
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Economies of scope sg
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Effective tax rate |v
x|`HL|@C
Efficiency v
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Efficiencywage theory uz
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Efficient market
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Elasticity u
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Employed N~

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Equalcost line u
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Equalproduct curve]or isoquant^ qu
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Equilibrium @gAC
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Equilibrum]for a business firm^ t
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Equilibrium]for the individual consumer^ O
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EquilibriumAcompetitive v
]competitive equilibrium^C
EquilibriumAgeneral @
@R]generalequilibrium analysis^
EquilibriumAmacroeconomic `g
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Equimarginal principle kh
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Exchange rate v
~v]foreign exchange rate^
Exchangerate system v
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Excise tax vsD sales tax O|MP|
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Exclusion principle Lh
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Exogenous vsD induced variables ~MP
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Expectations w
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Expenditure multiplier X
]multiplier^C
Exports Xf
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External diseconomies ~g
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External economies ~g
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External variables ~
P~]exogenous variables^C
Externalities ~
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F
u]First-mover advantages^
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Tw]Fixed cost^
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H~]FIXed input^
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]Free resource)
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Factors of production n
JApBgaMC~MAA]uJv]inputs^C
Fallacy of composition X~
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Federal Reserve System pxt
]centra bank^C

Fiat money kwf


Sb]intrinsic value^AQFkwfApCubH
Final goods ~
bDi@B[u~C]u~vAintermediate goods^
Financial economics g
g@CRzpqLMiHFC
Financial intermediary
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Firm]business firm^ t]~^
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Fiscalmonetary mix ]FXfFX
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Fiscal policy ]FF @FpeC
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Fiscal cost Tw
Tw]costAfixed^C
Fixed exchange rate Twv
~v]foreign exchangs rate^C
Flexible exchange rates uvs
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Floating exchange rates Bvs
uvs]flexible exchange rates^C
Flow vs. stock yqPsq
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Foreign exchange ~
UHvILqf]L^C
Foreign exchange market ~
PaqfiC
Foreign exchange rate ~v
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Fourfirm concentration rate |~
]concentration ratio^C
Fractionalreserve banking
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Free goods KO~
g~ ]economic goods^~CpAjqsb@ALbD
Free trade T
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Frictional unemployment i~
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Full employment RN~
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