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Compare Money with wealth and income
Money isn't the same as wealth. An individual may be very wealthy however have no money (for instance by owning stocks and real estate). Another individual may have a lot of money however no wealth. This would be the case if an individual with no wealth borrows money from a bank. She would have money (for instance in the form of a deposit in the bank) however no wealth as this deposit exactly matches the outstanding debt. Be careful with this distinction: do not say "Anna has a lot of money" if you mean that Anna is wealthy.
Money is not the same as income and income is not the same as wealth. Income is a flow (for example is currency units per month) while money or wealth is a stock (measured at a particular point in time).
Which of the following is assumed in constructing a typical production possibilities curve? a. the economy is engaging in international trade. b. production technology is fix
asiignment on ppc
what are the factors effecting reciprocal demand?
Y= C+I+G C= 100,000000+ 0.4yd I= 400,00000 T= 0.2+60m G= 750, 000000 Calculate equilibrium level of income
Q. Explain about Quantity theory of money? One of the main elements of the classical model is quantity theory of money. Quantity theory of money connects three important variab
factor for long run trend of term of trade
Assume a market with demand Q = 16p^(--2) that is supplied by a monopoly with costs C(Q) = 6 + Q2/8. 1. Calculate the equilibrium price, output and monopoly profits. 2. What
Deposit K4000, liquid asset k1000, loans K4000. what is current liquid asset?
money demand = 3500 - 250i what is the interest rate present if the money market is in equilibrium
Illustrate the UK macroeconomic performance UK macroeconomic performance must be judged on economy's long-term ability to produce growth, create jobs and improve living standa
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