Economics: an analytical approach

addition aggregate amount analysis assets assume average balance banks becomes billion called capital cash cause cent Chapter combination competition condition consequence considered constant consume consumption continue corporation cost curve decrease demand demand curve deposits derived desired determined dollars earnings economic effect elasticity employment equal Equation equilibrium example excess exist expected expenditures factors fall Federal Reserve banks Figure firm fixed flow given gives hold important increase individual industry input investment labor less level of income liabilities lower machine marginal means national income Note output owners payments period position possible present problem production function productive services profits purchase quantity rate of interest receive relation relationship relatively represents result returns rise savings schedule shift shown shows spending substitution supply supply curve Suppose Table tion units variables various wages