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Define the term- inflation
Inflation between two points in time is defined as the percentage increase of price index between these two points in time.
The different between williams managerial discretion model and baumol''s sales maximization model
Habelers theory of opportuniyu cost
explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
When a government spends more than it receives in taxes; it runs a budget deficit, which is generally covered by issuing debt obligations to domestic and/or international investors
Summary of the cross model The below list summarizes the cross model and associates it to classical model: Labor Market: Real wages W/P is exogenous in cross model
briefly explain with keynesian consumption?
Typical start-up businesses' estimated profit are forecasted as following: State Bad Good Probability 81% 21%
What is the definition of opportunity cost?
Describe elasticity? Differentiate demand elasticity and supply elasticity? What is arc elasticity? Please describe graphically with proper mathematical representation?
use a graph of the classical labour market to illustrate the effects of a real wage existing in the market that is lower thhan the equilibrium real wage
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