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Q. Inflation and Unemployment
a) Explain your answer why are inflation and unemployment often viewed as the key dare opposite an economy?
b) Explain why Gross Domestic Product (GDP) is often criticized as appraise of economic activity.
c) What indicators may suggest an economy which is heading toward a recession?
d) Converse alternatives to GDP as a measure of economic benefits in a current economy?
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describe how current economic conditions affect your organization or one with which you are familiar. Identify most important economic indicator affecting your organization and elucidate why.
This marginal cost is the only cost associated with the product. Illustrate what are the profit-maximizing price also quantity. Illustrate what are your optimal price also quantity.
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Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
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