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Question:
(a) Under what conditions would a central bank be considered independent.
(b) Discuss the effects of delegating monetary policy making to an independent agent on current and expected inflation rates and output variability.
(c) How challenging is inflation targeting in the real life context? Explain.
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summary of principle of time perspective?
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Consider an industry with a sole producer, a monopolist. The latter faces cost function C(Q)= Q/2 and aggregate (inverse) demand P(Q)=1 - Q (zero for Q> 1). Illustrate all your ans
isoquant and its properties
Contributions of economic theory to business economics According to Baumol, there are 3 key contributions of economic theory to business economics. 1. Practice of building
Q. Show the uses of income elasticity? A few significant uses of income elasticity are as follows: First, concept of income elasticity can be used to approximately compute t
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