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Explain about the circular-flow of economic activities.
Circular-Flow of Economic Activities:
Economic Agents:
a. Households
b. Firms
Where they interact:
a. Markets for goods and services
b. Markets for factors of production
The GDP deflator in Economy land is 200 on January 1, 2010. The deflator rises to 242 by January 1, 2012, and to 266.2 by January 1, 2013. a. What is the annual rate of inflati
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Sims (1980) introduced an exciting and ground-breaking new framework which would prove to be extremely insightful for macroeconomic analysis. This is known as vector autoregression
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Rational Expectations School Expectations on the future values of economic variables play an important role in macroeconomic analysis and economic analysis in general. Because
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