10 Principles of Economics
2014年从msn space存档中重新恢复出来!
- People Face Tradeoffs
- The Cost of Something Is What You Give Up to Get It. (opportunity cost)
- Rational People Think at the Margin.
- People Respond to Incentives.
- Trade Can Make Everyone Better Off.
- Markets Are Usually a Good Way to Organize Economic Activity.
- Governments Can Sometimes Improve Market Outcomes.
- The Standard of Living Depends on a Country’s Production.
- Prices Rise When the Government Prints Too Much Money.
- Society Faces a Short-run Tradeoff Between Inflation and Unemployment.
The Phillips Curve(菲立浦斯曲线) illustrates the tradeoff between inflation and unemployment: inflation↓ unemployment↑
It’s a short-run tradeoff!
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