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Money is generally considered to have three economic functions:
Evaluate the Bergson social welfare functions
The problem with the Keynesian model We can classify two problems with the Keynesian model as developed so far: 1. Π is exogenous. Although inflation may temporarily deviate
What are the pros and cons of reducing dependence on outsourcing in order to fulfill social obligations toward stakeholders?
Suppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in auto parts
The price will change in the market, only due to the change in demand for the product. True or false
Explain the concept of diminishing returns to labor.
y=vk ?k=s*f(k)-(?+n)k saving rate 28% population growth of 1% Have y persistent size s, n, g and ?function
Critically explain why interest rates are pro-cyclical, using the supply and demand for bonds framework.
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
factors affecting national income
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