Econ: Unit 1 Graph Review


Studying1

 

Unit 1 Graph Review
Production Possibilities Frontier
– full employment
– inefficient
– unattainable
– specialization
– shifting PPF

 

Supply & Demand
– demand & supply determinents
– equilibrium point
– surplus & shortages
– price floors & ceilings
Circular Flow
 – households, business firms, & government

Arrows-02-june

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