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KEYNES' THEORY AND EXPECTATIONS:
Expectations played a major role in Keynes' theory of the determination of aggregate output and employment in market economies in the short run. Expectations about future yields on investment projects underlie 'the marginal efficiency of capital' schedule. However, the volatile nature of these expectations plays a major role in explaining why investment expenditure and therefore output and employment in market economies are subject to fluctuations.
Static and dynamic multgipier
#question.case study of bain limt price theory
what is the buying power of one''s income?
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
In fall 2006, Pace University raised its annual tuition from $24,750 to $29,750. Freshman enrollment declined from 1500 in fall 2005 to 1110 in 2006. assuming the demand curve did
Tc and TVC curves have an inverted s-shape
If the MU of the 1st unit consumed = 75 utils, and the TU of consuming 2 units is 130 utils, what is the marginal utility of the second unit?
What are the properties of compensared demand function
The distinction between supply and the quantity supplied is best made by saying that
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