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Explain how monetary and fiscal policies can be used to alleviate (= lessen) dissimilar types of inflation.
Define monetary and fiscal policies and show how these policies might reduce inflation rates caused by demand-pull, cost-push and excess money supply. Problems such as reduces AD during cost-push inflation should be brought up, and the SR and LR issues of these policies execution and effect should be given some consideration.
what are the microeconomic encompasses
Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s
World Trade Organization: An international economic organization based in Geneva, Switzerland,formed in 1995 which is dedicated to promoting greater trade and investment among its
Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al
what is the differences between utility theory, indifference theory and revealed preference theory
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
Price elasticity of supply – Computes the percentage change in quantity supplied resulting from a 1 percent variation in price. – The elasticity is usually positive as price
1. Isoquants are negatively sloped because if the quantity of factor 1 used in production is decreased then the quantity of the other factor must be increased to produce the s
Arc Elasticity of Demand - Arc elasticity calculates elasticity over the range of prices - The formula of it is: * Arc Elasticity of Demand: An Example
What are the properties of compensared demand function
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