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QUESTION
(a) State whether the following statements are TRUE or FALSE. Clearly explain your answer.
(i)The Keynes liquidity Preference theory stipulates that money demand is negatively related to current income and positively related to interest rate.
(ii) An increase in money in circulation leads to a proportionate increase in the general level of prices.
(b) (i) By using the Base Multiplier framework, show that the increase in monetary base increases proportionally money supply.
(ii) Briefly discuss to what extent the Central Bank can control the circulation of money in the economy.
(c) Analyse the traditional interest rate channel for transmission of monetary policy and discuss in which case it may be inefficient.
(d) Discuss how the adjustments of the repo rate by the Monetary Policy Committee (MPC) of the Bank of Mauritius can impact on the trade-off between inflation and unemployment.
QUESTION (a) Explain the 3 methods of calculating National Income? (b) Why do all countries in the world calculate their National Income every year, despite all the difficul
What is structural change? Structural change: Structural change arises while the associate share of GDP and employment accounted for through the primary, secondary and te
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
features of monopolistic competition and oligopoly
critically evaluate the two main utility theories
Consider the following model: Y*i= β 0 X t β 1e U t a) Using the stock adjustment model, estimate the short-run and long-run elasticities b) Comment on the following pr
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If the Government decreases the interest rates on capital goods such as new plant and equipment and building. Investment also include spending on working capital such as stocks of
Assess the impact of fiscal and monetory policy on business organisations and their activities
In 2007, Segolene Royal, in an unsuccessful bid for president of France, says that employees who lost their jobs would obtain unemployment payments equivalent to 90% of the previou
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