Grasping Reality on TypePad, by Brad DeLong

Briefly, in one or two sentences, explain the terms set out and how they have been used in the course:

1. Supply and Demand Curves
2. Consumer and Producer Surplus
3. Pigovian Taxes
4. Price Ceilings and Price Floors
5. Willingness-to-Pay
6. Opportunity Cost
7. Planned Expenditure
8. Inflation

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