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TABLE OF CONTENTS,UNIT 1 AGGREGATE DEMAND (AD) AND AGGREGATE SUPPLY (AS),CONCEPTS OF NATIONAL INCOME,SECTORS AND TYPES OF ECONOMIES:AGGREGATE DEMAND (AD):Why does the AD curve slope downward?Changes in Aggregate Demand,AGGREGATE SUPPLY (AS),The short-run aggregate supply curve,The shape of the long-run aggregate supply curve
INTERACTION OF AGGREGATE DEMAND AND AGGREGATE SUPPLY AND NATIONAL INCOME EQUILIBRIUM,CHANGES IN NATIONAL INCOME EQUILIBRIUM,BUSINES, (TRADE) CYCLE,UNIT 2 MONEY AND INFLATION,MONEY,History of specialization, trade, and money,Concepts Features of money.Functions of money:INFLATIONMEASUREMENT OF INFLATION / VALUE OF MONEY / COST OF LIVINGTHE CAUSES OF INFLATIONDemand-pull InflationCost-push InflationTHE CONSEQUENCES OF INFLATION Costs:BenefitsCAUSES AND CONSEQUENCES OF DEFLATION,PAST PAPER QUESTIONS,UNIT 3 INTERNATIONAL TRADE,DOMESTIC AND INTERNATIONAL TRADE,THEORIES OF INTERNATIONAL TRADE:Theory of absolute advantageTheory of Comparative 

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