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Terms for the Exam on Wednesday Apr. 5th

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Aggregate Demand   show
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Aggregate Production Function   show
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Aggregate Supply   show
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Classical Economics   show
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show the idea that per capita GDPs across the nations equalize as nations approach the steady state.  
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Depreciation   show
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Diminishing Marginal Product   show
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show the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939  
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show the U.S. recession that lasted from December 2007 to June 2009  
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show the resource represented by the quantity, knowledge, and skills of the workers in an economy  
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Innovation   show
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Institutions   show
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Keynesian Economics   show
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show the change in output divided by the change in input  
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Natural Resources   show
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Net Investment   show
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Physical Capital   show
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Private Property Rights   show
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Recession   show
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show rule stating that if the annual growth rate of a variable is x%, the size of that variable doubles approximately every 70/ x years  
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Steady State   show
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Technology   show
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show condition occurring when a worker who is not currently employed is searching a job without success  
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