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1. Explain how the aggregate supply curve for the entire economy can be derived under;
i. Classical assumption
ii. Keynesian assumption
2. Explain how equilibrium can be achieved in both the good and money market?
3. Explain how the three different shapes of Lm curve?
4. Explain how a reduction in taxes can lead to crowding out effect in an economy?
What are the three major types of unemployment? a) Frictional b) Structural and c) Cyclical unemployment. Cyclical unemployment is broadly spread by an economy durin
Jane receives utility from days spent travelling on vacation domestically(D) and days
Problem 1: i) Distinguish between the different types of concentration measures. ii) Derive and explain the Dorfman and Steiner (1954) condition for optimal advertising.
RELATIONSHIP BETWEEN TFC ,TC ,TVC
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how the
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en
Ask question #Minimu2. Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appra
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
What are the types of demand
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