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Q. Describe classical model of macroeconomics?
Though we use the term ‘the classical model' as if there were just one classical model, this isn't quite true. For all the models we discuss, there are many variations. Though the similarities between, for instance, all the classical models are great enough to warrant expression ‘the classical model'.
However you need to keep this in mind. If you look up the ‘IS-LM model' in different text books you will probably see different models though the main predictions from the models do tend to be the same.
What is the meaning of Capital - Gross domestic product By capital we characteristically mean manufactured goods which are used to produce other goods and services though are
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What are the instruments of monetary policies
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ihave real gdp per capita for all countries in world .. how can i calculate world real gdp per capita by using the data.
. (40 points) Consider two consumers, A and B. A and B both want perfect consumption smoothing (c = cf) and both have no current wealth. However, the two consumers have different i
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