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A Post Office is set up in the Constitution but no Central Bank was. Why didn't the founders of the US who wrote the Constitution include a bank? How did this omission hamper US economic growth and, more importantly, US economic stability?
smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.
Why might we imagine that this factor will continue to achieve the same effect in the future? iii. Indicate what factors might push in the opposite direction.
hire many more employee than were available on the island. As a result, prices for goods and services rose dramatically across the board.
Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
Illustrate what is the capital account balance. Illustrate what is the financial account balance.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
illustrates the likely effect on the marketplace for eggs. Indicate in each case the impact on equilibrium cost also equilibrium quantity.
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
Depict the von Neumann-Morgenstern utility index u in a diagram
Utilize this expression to derive the potential bounds for the income elasticity of other goods.
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