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What are the requirements for something to be considered money? Why does the dollar have value?
what is economic laws ans characteristics of economic laws?
A sporting goods store has estimated the demand curve for a popular brand of running shoes as a function of price. Use the diagram to answer the questions that follow. a.
Take a look at the sugar market: US demand: Q=60-2/3 P US domestic supply: Q=P Also, the US could import any quantity from world producers at (US$) 10/cents per lb a) In a sc
Q. Aggregate demand in the IS-LM model? Aggregate demand Aggregate demand depends on Y and R in the IS-LM model As investments depend on R
Q. Classical model and the long-term Phillips curve? In classical model, L and real wage are determined from equilibrium conditions in the labor market. L and W/P, hence, are o
what is meant by PPF?
graph the central equation of the solow model. argue that a steady state exists and that the economy will converge to this point from any initial starting capital stock
give and explain national income variation
You are given the following information about an economy: Gross Investment = 40 Govt. purchases of goods & service =
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