Economics: An Introductory Analysis of the Level, Composition and Distribution of Economic Income

American amount assume average cost borrowing business cycle buyers capital cent changes commercial banks commodity companies consumers consumption corporation currency debt decrease deposits depression dollars downswing economic economic inequality economic rent effect elastic employers employment equal exchange expenditures Explain exports farm federal firms foreign gold illustrate important increase individual industry inequality interest investment labor land less loans long run marginal cost marginal product marginal revenue means member banks ment monetary monopolistic monopolistic competition monopoly national income natural monopolies nomic oligopoly operation opportunity cost organization output payments period price ceilings price level principle problem productive services profits pure competition quantity regulation rent reserve banks result saving Second World War securities sell sellers social Soviet Union spending supply and demand Suppose taxation tends tion trade union United wages wheat