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when prices increase due to a rise in the cost of production. These increased costs push up the price level.
when firms increase their capital equipment without employing more people.
a written order to the bank to pay the person or organisation whose name appears on the cheque a...
(also called investment) the capital goods bought by government and businesses.
the change in price is exactly the same percentage as the change in the quantity demanded.
the situation where incomes of a group of people are not as high as the community or country in...