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Macroeconomics Summaries R80,00   Add to cart
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Macroeconomics Summaries

Summary Content; Balance of Payment Economic Recession Monetary Policy vs. Fiscal Policy PPF Scarcity Mixed Economy

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Summary What is the role of government in a mixed economy?

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What is the role of government in a mixed economy?

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Summary They are all caused by scarcity

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They are all caused by scarcity, because the people concerned cannot consume as much as they would like.

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Summary Production Possibility Frontier Concept

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- What is the Production Possibility Frontier? - How to determine the PPOF? - Uses and Applications - Drawbacks of the PPOF Takeaway: The PPOF is a production function that determines the maximum physical output that can be achieved given all other inputs. The PPOF can be applied in many differe...

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Summary Monetary Policy vs Fiscal Policy

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Fiscal Policy vs. Monetary Policy Definitions Expansionary vs Contractionary for both fiscal and monetary policy Fiscal policies are used by policymakers to influence economic demand Examples of monetary policy instruments Fiscal policy strengths and weaknesses Monetary policy strengths and...

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Summary What is Economic Recession?

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Economic Recession Definition Examples Causes of Recession Impact of Recession The measures/solutions to the economic downturn

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Summary Balance of Payments Issued by a Country: Deficit or Surplus?

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Balance of Payments Issued by a Country: Deficit or Surplus? Introduction to Balance of Payments What is a Deficit or Surplus? Causes of Deficits and Surpluses Balancing a Country's Balance of Payments Impact of Balance of Payments Deficits and Surpluses on the Economy Conclusion

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