POLYTECHNIC UNIVERSITY OF THE PHILIPPINES STA. MESA, MANILA AGGREGATE SUPPLY AND ALL NATIONAL INCOME Submitted by: Erennie D.Fabiolas Donna Luz R. Ople Royce P.Pardo Ma.…
Slide 1LABOR MARKET IN THE LONG RUN Long Run -- A period of time over which firms can enter and leave the market and existing firms can change all of their inputs including…
Slide 1 Production Slide 2 Technology The physical laws of nature and limits of material availability and human understanding that govern what is possible in converting inputs…
Slide 1 Economic Growth Economic Growth, in general, means increase in economic (material) well being of average citizen. Slide 2 Economic Growth Economic Growth, in general,…