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What is the relationship between quality, consumption and demand for health care services?
Q. Explain about Phillips curve ? The Phillips curve According to traditional Phillips curve, there is a negative and stable relationship between unemployment andwage in
Environmental engineers and scientists are becoming concerned about pharmaceuticals in the environment. An antibiotic is discharged into a small lake at an influent concentration o
Question 1: Consider a two-period, two-person pure exchange economy. Utility functions and endowments are given as follows. u1(x0; x1) = (x0x1)2 and e1 = (18; 4) u2(x0; x1) = ln x0
What is most likely to go wrong in the analysis of direct material and other direct costs and what could be done about it.
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
What is gross domestic product Economic growth is most commonly calculated in terms of the annual percentage rate of change in real gross domestic product (GDP).
Derive the conditions for steady state in the Solow model. What are its implications? In what respects is the golden rule different from the steady state?
How can an economy achieve mutual gain from International Trade?
Assume the economy has a GDP of $11,500 billion. The unemployment rate is at 7.3% and has been slowly rising for the last 6 months. Inflation was at 2.3% one year ago but has sin
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
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