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Difference between the real wage and the money wage rate

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Describe a business cycle. Mention all the phases of a business cycle and tell the order where they occur.

What is the difference between the real wage and the money wage rate?

Define the natural rate of unemployment

Define frictional unemployment

How does and increase in banks' desired reserve ratio affect the money multiplier? Briefly explain why it has this effect.

Tell what is included in MI

What is the relationship between the nominal interest, the real interest rate, and the inflation rate?

What is the open market operations?

Explain why the short- run aggregate supply curve differs from the long run aggregate supply curve. Why does this difference occur?

Reference no: EM13492890

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