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What is Supply-side Economics Market Freedom?
Markets must be allowed to work more freely and steps taken to improve this efficiency by:
freeing them from government controls (e.g. income policy, minimum wage regulations, pricing policies of the nationalized industries);
promoting competition;
restricting the power of trade unions;
the privatization program;
introducing competition in the natural monopolies by new devices;
removing institutional barriers in the capital market (e.g. exchange control, the Stock Exchange);
using the rate of interest (the price of liquid capital) as the main weapon for adjusting aggregate demand.
The aggregate production function Definition Imagine the national economy during a short period of time (say one week). We refer: L: total amount of work used duri
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what characteristic of Lloyd''s of london business organization was responsible for the financial losses suffered by the Names who had invested in Lloyd''s?
what is stagflation
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