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Illustrate diffrent types of money, Q. Illustrate diffrent types of money? ...
Q. Illustrate diffrent types of money? In most countries, one may identify two 'types of money': Bank deposits Currency and coins The total value of all th
Find out fixed cost and average cost, Sara runs a small business assembling...
Sara runs a small business assembling personal computers. This table shows her total cost at different levels of output. Number of computers produced
How can an economic development be measured, How can an economic developmen...
How can an economic development be measured? The UN has developed an extensively accepted set of indices to measure development in opposition to a mix of composite (element or
What are the production elasticities of demand, The following Cobb-Douglas ...
The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency. Q = αL β1 K β2 E β3 Where L represents numb
How did economists get it so wrong, Read "How Did Economists Get It So Wron...
Read "How Did Economists Get It So Wrong" by Paul Krugman and second, the blog "History of Economics Playground", by Pedro Duarte, Tiago Mata, Clement Levallois, Yann Grd...etc., t
Aggregate consumption, Aggregate Consumption This is the aggregate of ...
Aggregate Consumption This is the aggregate of all expenditures on current consumption goods and services i.e. those which are consumed during the period. Living standards are
The transmission mechanism - monetary policy, The Transmission Mechanism ...
The Transmission Mechanism The mechanism by which the changes in monetary policy affect aggregate demand is called 'transmission mechanism'. Two stages in transmission mechanis
After your last deposit withdraw immediately, You make a monthly deposit of...
You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y
Industrial organization, There are very examples of perfect competition. Ye...
There are very examples of perfect competition. Yet in the study of industrial organization, significant discussion is focused on this type of market. Explain why.
Find real interest rate and nominal interest rate, Assume that an economy's...
Assume that an economy's GDP Y=5000. Also assume that the government runs a deficit where tax revenue T=1000 and government expendituresG= 1500. The consumption function is represe
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