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Please explain the following concepts and give real-world examples. A graph would be really helpful too! Also, how does these help understand the economy in

Please explain the following concepts and give real-world examples. A graph would be really helpful too! Also, how does these help understand the economy in the real world?

  • Comparative and absolute advantage
  • Reading and drawing PPFs
  • Opportunity Cost
  • Aggregate supply and demand
  • GDP
  • Consumer Price Index
  • Inflation
  • Unemployment
  • Fiscal and monetary policy
  • Balance of Payments
  • Exchange Rates
  • Current Account Balances

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