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How price level rises differ from price rises In macroeconomics, it's common to use term "prices" or "price" as short for price level. Expression "prices rise" must be interpre
how can a country maintain equilibrium GDP with foreign trade?
why is imports subtracted from the expenditure approach
Consider the following game [payoffs are in the form: (Ann, Bob, Carol)]: a) List each player's actions and strategies. b) If Ann "buys" Carol's position in the game (i.
Roles of government in controlling market forces under neoclassical view
DIFFICULTIES IN MEASURING THE NATIONAL INCOME There are some conceptual and statistical problems in measuring national product. Some items are excluded from the national incom
critically examine the keynesian theory of unemployment
In monopolistic competition: a) Firms face a perfectly elastic demand curve b) All products are homogeneous c) Firms make normal profits in the long run d) There are ba
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
compare and contrast the monetarism economics and the keynesian economics
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