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Standard of Living (SOL)


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Standard of Living – material and non-material aspects of life. This lesson also links topics such as inflation to SOL, unemployment to SOL, Aggregate Demand (AD) to SOL, Production Possibility Curve (PPC) to SOL, etc. It is important to be able to interlink the topics to see how the various economics topics are inter-related.

Video Duration: 1 hour 12 minutes

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