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if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
draw the demand curve,when there is rise in the price of a product on the demand of the product
what are the merits and demerits of deductive inductive methods in economic analysis?
Advantages of Division of labour: Division of labour has advantages including the following: Development of Greater Skill by the Worker In division of labour, each
What is ceteris Paribus? Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equa
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
Suppose that two wage regressions are estimated for native and white workers: Wn = 5.0 + 0.10S Ww = 6.0 + 0.14S Pick a reasonable average level of schooling for white and Native wo
find the highest premium find the actuarialy fair premium
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
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