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Problem 1:
a. Use the circular flow model to explain the concepts of injections and withdrawals.
b. Explain the concept of budget multiplier.
c. Using the concept of multiplier, show how a country's involvement in international trade impacts on its economy.
Problem 2:
a. Describe clearly what is inflation and its main causes.
b. Distinguish between the main types of unemployment.
c. Describe the relationship between inflation and unemployment in the short run and long run.
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
Consumer Choice * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
THEORY OF COSUMER BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference
preperation methods of deuterium
law
The market demand function of a firm is given by 4P + Q - 16 = 0 And the AC function takes the form AC = 4/Q + 2 - 0.3Q + 0.05Q 2 Find the Q which gives: (a) Maxim
What is Laffer curve The Laffer curve is named after Professor Art Laffer who suggested that as taxes enhanced from fairly low levels, tax revenue received by the government wo
AVOGADRO''S HYPOTHESIS In equal volumes of gases including all under similar conditions of temperature & pressure keeps equal number of molecules. Avogadro''s law and Applicatio
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