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Problem:
i) What might be the possible causes of inflation according to economic theory?
ii) Taking stable prices and full employment as two macroeconomic objectives of government, critically write on how fiscal and monetary policies could be used to achieve them.
iii) What factors are likely to affect the size of the price elasticity of demand?
iv) A publicly owned bus line is running at a loss. How can knowledge on the elasticity of demand for bus rides help in this situation?
Modem theories of trade
explain the fundamental task of economic system usin tomatoes as an example
what is electronic configuration of fblock elements
1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6. i. P= 40 - 0.5Q ii. Q= -40 + 0.75P iii
The Hypothesis of Rational Expectations : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in addition, explici
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The demand for soft drinks has been estimated asQx 20PX 0.25PY0.45M 2 Determine the own, cross and income price elasticities of demand. Interpret your results.
what is indifference curve''s theory and application
What is Diverstification?
consumer=m with the help of indifference curve analyis
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