1. Concepts/Definitions Neoclassical Heterodox Social Institutions Social Classes Land Labor Capital Direct/Inverse Relationship Fallacy of Composition Paradox of Thrift GDP Feudalism Capitalism Socialism Monetary Production Nominal/real Business cycle Recession, Peak, Trough Â Â Unemployment (UE) Rate Frictional/Structural/Cyclical UE Full Employment (heterodox/neoclassical) Consumer Price...

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Economics

1.Concepts/Definitions
Neoclassical
Heterodox
Social Institutions
Social Classes
Land
Labor
Capital
Direct/InverseRelationship
Fallacy of Composition
Paradox of Thrift
GDP
Feudalism
Capitalism
Socialism
Monetary Production
Nominal/real
Business cycle
Recession, Peak, TroughÂ Â
Unemployment (UE) Rate
Frictional/Structural/CyclicalUE
Full Employment(heterodox/neoclassical)
Consumer Price Index
Imports/Exports
Inflation/Deflation
Disinflation
Demand pull/Cost Push
Sayâ€™s Law
Civilian Labor Force
Nominal/Real Rate ofInterest
Stocks/Flows

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4.0 Ratings (514 Votes)

Neoclassical economics The neoclassical economics is the broad theory that relates to demand and supply are the major factors of production consumption and pricing of goods and services It was emerged in 1900 to compete for the classical theories Heterodox Heterodox is an analysis in economics that the variable considered See Answer

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