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i) What might be the possible causes of inflation according to economic theory?
ii) Taking stable prices and full employment as two macroeconomic objectives of government, critically write on how fiscal and monetary policies could be used to achieve them.
iii) What factors are likely to affect the size of the price elasticity of demand?
iv) A publicly owned bus line is running at a loss. How can knowledge on the elasticity of demand for bus rides help in this situation?
Model in economics is the permanent income hypothesis, which basically states that a household''s expenditures will not react to a change in income unless that change in income is
I have an online test which needs to be done on 60 min, would this website be able to take it with me? like to be available for 60 min answering the multiple choice questions with
Effect of Gasoline Tax with Rebate Assume -Income = $9,000 - Price of gasoline = $1
what is microeconomics
The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t
Your firms production function : Q=4K^1/2L^1/2 Suppose that the price of labor is $5 and the price of capital is $20. Your firm desires to produce 200 units of output. How much
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
Hello there! I am currently doing an MBA course about the financial crisis which is quite challenging. Today we were given a question about the topic: Long term capital management
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