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1. Explain how the aggregate supply curve for the entire economy can be derived under;
i. Classical assumption
ii. Keynesian assumption
2. Explain how equilibrium can be achieved in both the good and money market?
3. Explain how the three different shapes of Lm curve?
4. Explain how a reduction in taxes can lead to crowding out effect in an economy?
what is the theory of second best ? prove the theorem with the help of a diagram .
Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman
Ask question #Minimum 100 wordswhat ism accepted#
Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete
Consider the following: The city council has just approved the construction of a water park in your town. You are responsible for studying the impact of the new water park on the l
Introduction for a natural monopoly assignment
what are the types of economic analysis
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Terms of Trade: The ratio of average price of a country's exports, to average price of its imports, is its terms of trade. Theoretically an improvement in a country's terms of trad
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