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Consumer Equilibrium: According to our assumption for 'x' units consumption of the commodity, gross utility obtained by the consumer is U(x).But for this, the consumer must sp
Q. Explain the problem with IS-LM model? The starting point of AS-AD model is an assumption in IS-LM model (and in the cross model) that limits its usefulness. This is an assum
Absolute income hypothesis
What is Inherent Limitation?
estimate paper by stock and watson in a bayesian manner
what would be effect of fiscal and monetry policy on price and output level if meges are flexible and rigied?
Separation of growth and fluctuation It is very useful to separate the evolution of a variable which grows over time into a trend and fluctuations around the trend. The graphs
Explain the difference among a floating and managed exchange rate. The key distinction here is that a floating exchange rate is set by market forces, i.e. supply and demand. A
Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
how does government regulate externalies
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