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The graph shows that if policymakers respond immediately to an oil price shock by stimulating aggregate demand, shifting AD to AD* then the level of output will remain constant. Th
distinguish between state and dynamic multiplier and illusrate balanc budget theorm in hindi
The United States is considered to be an industrialized nation because we have such a high standard of living. Countries with lower standards of living are considered to be emergin
assumptions of opportunity cost
why does the price level not enter desire consumption, investment and net exports of the desired aggregate expenditure function in the keynesian cross model
critically examine the keynesian theory of unemployment
The following information has been extracted from the recently published accounts of Noddy Plc: Balance sheet as at 31 st May
Aggregate demand and Say's Law Y D = Y S in the classical model (Say's law) Aggregate demand Y D is defined as quantity of nationally produced
What is crowding out?
Ordinal Theory: A Short Note In ordinal approach, utility is measured ordinally i.e., qualitatively (not numerically or quantitatively). Alternatively, consumer can rank her
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