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Determine the Business Cycle and Classical Economists
Business Cycle: The business cycle is the fluctuations in the rate of economic growth that take place in the economy. The peak of the business cycle is usually referred to as a boom, and the trough as a recession or depression.
Classical Economists: Classical theories revolved mostly around the role of markets in the economy. If markets worked freely and nothing stopped their rapid clearing then the economy would prosper.
Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men
Question: (a) Write down the Classical Linear Regression Model (CLRM) and explain its assumptions in detail. (b) The following data relating to information collected on
What are the advantages of using mathematics in Modern Economics? Many of the advantages of using mathematics are as follows: a. The “language” used and the explanations of
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
1) Investments 1A) What are the two components to total return ? What does expected value measure? What does standard deviation measure? How can each result be
What is snob effect
what is cardinal utility. Please give an example
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism
ENUMERATION OF WORKERS: Now, let us discuss about the sources of data in India on workers. In India, two main organisations which generate and compile data on workers are the
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