What does this graph show focusing on points a, b, and c?
the 3 ways of measuring national income
What does this graph illustrate?
movement along the d curve for soccer boots
What 4 words(in the black box) are missing from this diagram?
land labour capital enterprise
What do the 3 boxes on the left side represent?
leakages
What are the three injections missing from the right hand side?
investment exports government spending
What does this graph illustrate?
perfectly elastic supply
What does this graph illustrate?
perfectly inelastic demand
What does this graph illustrate?
negative externalities of production
What should be labelled where the black star is?
external costs
What does this graph illustrate?
positive externalities of consumption
What should the be the label where the red star is?
welfare gain
What does this graph illustrate?
positive externalities of consumption
What does this graph illustrate?
ad valorem tax
What does this graph illustrate?
aggregate demand
What does this graph illustrate?
Keynesian LRAS curve
What should the numbers 1, 2 and 3 be labeled as?
spare capacity intermediate range full employment
