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Newest Macroeconomics: Principles and Policy summaries
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Macroeconomics Chapter 3
- Textbook notes • 3 pages • 2019
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This notes go over 3-1 Scarcity, Choice, and Opportunity Cost A. Opportunity Cost and Money Cost B Optimal Choice: Not just any choice 
3-2 Scarcity and Choice for a Single Firm A. Production Possibilities Frontier B. The Principle of Increasing Costs
3-3 Scarcity and Choice for the Entire Society A. Scarcity and Choice Elsewhere in the Economy
3-4 The Concept Of Efficiency 
3-5 The Three Coordination Tasks of Any Economy
3-6 Task 1. How the Market Fosters Efficient Resource Allocation A. The Wo...
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