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Consider the following prisoners' dilemma game. C D C 4,4 0,6 D 6,0 1,1
Aggregate demand in the cross model Because C and Im depends positively on Y while G, I and X are exogenous, aggregate demand Y D will depend positively on Y: Y D (Y) = C(
give and explain the different causes of national income variation
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
I would like to know one of the external determinants in Spain''s recovery, please?
THE MULTIPLIER ANALYSIS Multiplier analysis explains what happens to circular flow of economic life when the behavior of one of the sectors or the components of aggregate dema
We define marginal product of labor, MP L as the derivative of f with respect to the L - which is, as (approximately) how much Y will increase when L increases by one unit. We als
circular flow of income in a single sector,two sector,three sector and four sector
Differentiate between Actual and Potential output. Actual output is that level which economy in fact produces. In contrast, potential output is the aggregate capacity output o
RELATIONSHIP WITH 8 VARIANTS OF NATIONAL PRODUCT AGGREGATES We have shown the distinction between national product at market prices and national product at factor cost, based
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