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What are the differences between the IS-LM model and the Keynesian model?
The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium income.
On the other hand, the IS-LM model is a more general model (involving more variables, e.g., P and r) to demonstrate Keynes's idea about the equilibrium income.
will post picture
Services and goods that are used for their ultimate end purpose, meeting some human desire orneed. Consumption may include private consumption (by individuals, financed from their
how do you find the average fixed costs using total fixed costs and total product?
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
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#question.case study of bain limt price theory
1) Lynne's income is £2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1/8. If this happens, she will be sued for £1, 000 and will have to pay th
meaning of opportunity cost
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
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