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Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles.
Keynesian economics believes markets frequently fail and governments have a role to intervene, particularly in boosting aggregate demand during downturns.
Distinguish between the terms of trade and the balance of trade. Basic explanation of the terms of trade as the average price of exports in relation to the average price of imp
given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
Define law of demand. Answer: Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good r
Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
why the PPC curve slopes downward?
Determine the Returns to Scale Use the following production function and budget constraint to answer the questions below. Q = L + K 1000 = 2L +
demand elasticity analysis and its significance in pakistan
Uses of Balance of payments account: It removes the uncertainty associated with the flexible exchange rate regime and brings stability. It also indirectly imposes some anti inf
Aggregate Demand When referred to in the circumstance of GNP or GDP, aggregate demand dealings the sum of what is spent by various parties in the United States for product and
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