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A little information about Macro Economics.

Title: A little information about Macro Economics.
Category: /Business & Economy/Economics
Details: Words: 913 | Pages: 3 (approximately 235 words/page)
A little information about Macro Economics.
Economic surplus: the benefit of taking an action minus its costs. Opportunity cost: the value of the next-best alternative that must be foregone in order to undertake an activity Sunk cost: a cost that is beyond recovery at the moment a decision must be made. Average benefit: the total benefit of undertaking an activity divided by the units of the activity. Average cost: the total cost of undertaking an activity divided by the units of …showed first 75 words of 913 total…
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…showed last 75 words of 913 total…Zero inflation: when the price level stays roughly constant from year to year. Stable inflation: CPI rises over time, but at a constant rate; i.e., the inflation rate stays roughly constant from year to year. Accelerating inflation: CPI rises over time, but at an increasing rate; i.e., the inflation rate rises from year to year. Capital gains: increases in the value of existing assets. Capital losses: decreases in the value of existing assets.

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