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Explain what the natural rate of unemployment is.
It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate of unemployment which exists when the labour market has cleared - leaving voluntary employment comprised of seasonal, frictional and structural unemployment. It seems obvious that a basic explanation of employment and labour force is essential here.
Marginal revenue: Marginal revenue is the change in total revenue with respect to a change in quantity sold. That is, it is the change in total revenue that results from the s
why sellers and producers keep pricess lower
Why is investment so important in an economy? Define investment as an enhance in capital stock and link this to broad macro issues; future output, enhance in living standards, ta
What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms and other organ
excess reserve make a bank less vulnerable to runs.why
what are monetry accounts?
What types of external economies generates the output which reduces the costs of the firms in it? The chief example of external economies provided by marshal are (i) improved
explain two theories of economic rent
Australians are turning to scooters to combat escalating petrol prices. After a slump in the March quarter this year, demand for scooters was up by more than 7 per cent in the firs
Highlight the few heading of it
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