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1. Measuring a Nation’s IncomeChapter 23 2. Microeconomics Microeconomics is the study of how individual households and firms make decisions and how they interact with…

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Documents MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households....

Slide 1MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households and firms make decisions, interact with one another in markets.…

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1.Aggregate Demand By working through the demand side of the macro economy we’ll better understand business cycles and their causes What are the components of aggregate…

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Chapter 2 Measurement Measuring GDP: The National Income and Product Accounts What is GDP and How Do We Measure It? GDP: Value of Domestically Produced Output Commerce Departmentâs…

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Documents MEASURING A NATIONS INCOME. Microeconomics Microeconomics is the study of how individual...

Slide 1 MEASURING A NATIONS INCOME Slide 2  Microeconomics  Microeconomics is the study of how individual households and firms make decisions and how they interact…