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Chapter 9 - Intro to Macro (Profit from recession (Inferior goods (Income…
Chapter 9 - Intro to Macro
Business cycles
Sentimient
affects the success of firms
Income flow
Circular income
Firms
Households
Leakages
Savings
Taxes
Imports
Injections
External investments
Government investments
Exports
Business cycle
Insights
Demand changes
Supply changes
Experience
Issues
Outputs
Inflation
Unemployment
GDP
Trade deficit
exported - imported
Inputs
Interest rates
Fiscal deficit
National income
Demand
Investment
Government spendind
Consumption
Net exports
Price changes
Negative relationship
Demand
Inflation
Supply
Positive relationship
without full adjustment
Changes
Demand
Increase
Inflation increase
Decrease
I Decrease
Supply
Increase
I decrease
Decrease
I Increase
Profit from recession
Inferior goods
Income falls
Demand increases
Pricing
Managing costs
Variable costs
Diversification
Product types
Branded labels
Own labels