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A business environment is often affected by many variables often described as the concept known as PEST.
1. Define and describe the concept of PEST.
2. Discuss any two parts of P.E.S.T. (Either two of the P or E or S or T).
Substantiate your all your comments and responses. Avoid the use of Wisegeek, NetMba, Wikipedia, excessive use of dictionaries and encyclopedias, and sources of that nature, which are not considered reputable sources, when substantiating your comments and responses.
Suppose the central bank holds the real money and supply constant. Using part c's answer, derive dy/di. Whats the sign? If there is a small increase in i, by how much does output need to increase to maintain equilibrium in financial market?
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