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Assume you see that two macroeconomic variables are correlated with each other. But you want to know if there's an underlying or causal relationship between the two variables. Would you use an empirical or theoretical investigation? Explain why.
You would use a theoretical investigation. Empirical investigation is useful in explaining macroeconomic phenomenon, but might be inadequate in explaining them. It might be clear that two variables are correlated, but unclear if there's a causal relation among the two. Theoretical investigation can more closely study complex relationships among phenomena.
A monopolist''s demand curve is P=100-2q. find his MR function. at what price is MR zero
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Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
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DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l
How does the indifference curve and budget line for a neutral good look like?
have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
What is the impact of microeconomics on economy?
detail of consumer surplus with examples
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