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Briefly explain the main macroeconomic objectives of governments.
Definition of macroeconomic issues
a) Enhance in national income per unit of time, a flow method
b) Enables the economy to improve living standards
a) Percentage of labour force employed
b) shows utilisation of social factor of production
a) steady rate of price enhance; change in CPI/RPI/GDP deflator
b) Permits predictability and reliability in the economic environment
a) balance of payments
i) equilibrium in foreign sector trade, i.e. exports and imports
b) exchange rate
i) stability in external value of currency
three marginal conditions of pareto optimality
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to what extent are interest rates determined by the economic theory
STETE THE THEORIES OF DETERMINATION OF RENT
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How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable
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