ECON 2030 : Econfinal
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Business: practice problems, chapter 24: 1, 2, 4, 5, 7-10, 12, 13, 15, 17. ***long run vs. short run in macroeconomics: actual time frames*** 15 hours in a family business or farm. Persons laid off from a job and expecting recall need not be looking for work to be counted as unemployed. What goods and services can be purchased: this is where the measurement of the dollar fails, inflation changes the worth of the dollar over time, = 5 gallons of gas, if gas costs /gallon (real value = This but charles used an inflation calculator online: in other words, one hour of your time was worth more in. Next time: chapter 30: the financial sector and the economy , business, practice problems, chapter 25: 1, 2, 3b-f, 6a, 7, 10 (gdp only), 12a, 16, chapter 30: 7-11, 13-15, 20, 21, 24. No, you can"t produce negative goods and services.