Aggregate Output

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August 31, 2024 4 min read Definitions
Aggregate Production Function: Economic Concept
Economics Finance Mathematics Production Function Economic Models Aggregate Output Capital Labor
The Aggregate Production Function is a mathematical relationship showing the output of an economy as a function of capital, labor, and other inputs.
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August 31, 2024 4 min read Definitions
Capital Widening: Understanding Economic Growth through Investment
Economics Finance Capital Widening Economic Growth Investment Capital-Labor Ratio Aggregate Output
Capital Widening occurs when the capital stock grows at the same rate as the labor force, maintaining a constant capital-labor ratio while aggregate output continues to grow. This article explores its significance, applications, and comparisons.
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August 31, 2024 4 min read Definitions
Ceiling: Maximum Level of Aggregate Real Output in Trade Cycle Theory
Economics Finance Trade Cycle Theory Aggregate Output Full Employment Economic Expansion Macroeconomics
The ceiling represents the highest level of aggregate real output an economy can achieve during an expansion phase, corresponding to full employment.
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