Production Function with two variable inputs Rachita Gulati Production in the Long-Run  All inputs are now considered to be variable (both L and K in our case)  How…

Slide 1 Slide 2 u A countrys standard of living depends on its ability to produce goods and services. u Within a country there are large changes in the standard of living…

Slide 1 TOPIC 3 Consumption, Saving and Investment Slide 2 2 Goals for Today’s Class – Start Modeling Aggregate Demand (AD) What drives business investment decisions?…

TOPIC 3 Consumption, Saving and Investment * Goals for Today’s Class – Start Modeling Aggregate Demand (AD) What drives business investment decisions? What drives household…

TOPIC 3 Consumption, Saving and Investment * Goals for Today’s Class – Start Modeling Aggregate Demand (AD) What drives business investment decisions? What drives household…

International Trade and Economic Growth The international trading system...has enhanced competition and nurtured what Joseph Schumpeter a number of decades ago called âcreative…