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In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
This is a list of Wikipedia articles about curves used in different fields: ... (Peano curve) See also List of fractals by Hausdorff dimension. Space curves/Skew curves
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
Hedgehog (curve) Hilbert's sixteenth problem; Hyperelliptic curve cryptography; Inflection point; Inscribed square problem; intercept, y-intercept, x-intercept; Intersection number; Intrinsic equation; Isoperimetric inequality; Jordan curve. Jordan curve theorem; Knot; Limit cycle; Linking coefficient; List of circle topics; Loop (knot) M-curve ...
The slope of the curve at a point on it gives the trade-off between the two goods. It measures what an additional unit of one good costs in units forgone of the other good, an example of a real opportunity cost. Thus, if one more Gun costs 100 units of butter, the opportunity cost of one Gun is 100 Butter.
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The second is related to standard Macro-growth theory, the guns/butter model is based on a stagnant economyGDP is based on consumption + investment/savings + government spending + net exports.....if GDP is going up, government spending can also go up without having any sort of affect on "butter" for the civilians (which, in a free market ...