Unit 1
These are the first notes that we took for this class! Here are some key notes to look over:
- Macroeconomics V. Microeconomics
- Positive V. Normative
- Scarcity V. Shortage
- Wants V. Needs
- Goods V. Services
- Four Factors of Production
- PPC, PPG, and PPF
- Movements along PPC
- Assumptions made for Graphs
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