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High School Economics, Final Review
1.
Final Review!
2.
3.
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5.
Production Possibility Frontier
Juice
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Supply Curve Illustrates
the Law of Supply
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Demand Curve
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Circular Flow of
Economic Activity Factor Market Producer Product Market Consumer Goods &Services Land Labor Capital Land, Labor, Capital Goods & Services $ $ $ $ $ $$$$$$$ $ $ $ $ $ $$$$$$$$$
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The stages of
production
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-3 47 10
Stage 3 Output Decreases -2 50 9 2 52 8 4 50 7 6 46 6 Stage 2 Total Output Slows 8 40 5 11 32 4 9 21 3 7 12 2 5 5 1 Stage 1 Total Output Rises 0 0 0 Stage of Production Marginal Product Total Product # of Workers
67.
The Business Cycle
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