Definitions

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aggregate demand
a total demand for a countries good and services, at a given price level and in a given time period.
1 of 5
PPC
Production Posibility Curve.
2 of 5
Economic Problem
how to allocate scarce resources amoung alternative uses.
3 of 5
Labour
the quality and quantity of human resources.
4 of 5
Land
all natural resources.
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Other cards in this set

Card 2

Front

Production Posibility Curve.

Back

PPC

Card 3

Front

how to allocate scarce resources amoung alternative uses.

Back

Preview of the back of card 3

Card 4

Front

the quality and quantity of human resources.

Back

Preview of the back of card 4

Card 5

Front

all natural resources.

Back

Preview of the back of card 5

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