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Continue Learning about Economics
How do you determine the I-S Curve in Macroeconomics?
The IS curve represents combinations of the real interest rate and GDP growth in an economy. It is all the combinations of points where the economy's income = total production.
How are three types of corporate combinations?
LLC, Incorporated, sole proprietor
What is indiference curve and explain it?
curve that maps an individual's alternative combinations of goods where they receive the same amout of utility. It shows all the points where one is satisfied to the same extent with different combinations of goods (usally two on a graph)
Why are some production combinations attainable and unattainable?
the combination which lies on PPC curve IS attainable combination.
An indifference curve consists of quantity combinations of two goods that yield?
the same total satisfaction :)
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