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Question:
(a) State whether the following statements are TRUE or FALSE. Justify briefly your answer.
(i) Money is the most liquid medium to store value.
(ii) An increase in money in circulation leads to a proportionate increase in the general level of prices.
(iii) There is no relationship between the demand for money and interest rate.
American and European monetary authorities implemented expansionary monetary policies to fight recession in 2008 and 2009.
(i) Use the model of money supply to justify the relevance of an expansionary monetary policy during periods of recession.
(ii) Analyse the transmission mechanism of the above monetary policy to the real economy and discuss its efficiency.
Describe the difference between value management and value engineering. Value Engineering: It is concerned all along with determining the cheapest method of accomplishing
DEVELOPMENT THROUGH RESOURCE TRANSFER is explained below The chief idea here was that (as mentioned previous) poor countries suffered from the savings and foreign exchange gaps
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What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
QUESTION (a) Explain the Law of demand and the factors affecting demand for a product or service. (b) Explain and illustrate diagrammatically how the market demand for a pro
Staff time is generally the principal cost component of an IS project. Define five other areas where project costs could increase. Project costs also occur by: • Contract la
What is the argument of advocates of World Bank in promotion of development? Advocates of the World Bank argue: • Loans and aid alone don’t guarantee development or the
Things like housing and autos tend to be affected by changes in interest rates due to financing is typically needed to make such purchases. If financing becomes more costly due to
QUESTION (a) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit. (b) Explain the protectionist measures that a governme
why is the elasticity of demand useful
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