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Problem 1:
a) Explain the different types of unemployment that exist.
b) Critically examine how monetary policy can be used to deal with inflation.
c) Critically examine how fiscal policy can be used to deal with unemployment.
d) What are the causes of inflation?
Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.
The following are AC and TC functions for various firms (i). AC = 140/Q + 20 (ii) AC - a/Q = k (iii) TC - 10 =2Q + 0.1Q 2 (iv) TC - k - βQ = cQ 2 Where a, k, β and
if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
an introduction to cross elasticity of demand?
what is an iso curve
A tax imposed on a market with an inelastic demand and an elastic supply will cause
Consider two hypothetical nations, Solowia and Growia, which are defeated in wars. These two nations were suffered from wars differently; the damage is on capital stock in Solowia,
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
About four years ago, Kanye West performed at the UIC Pavilion. General admission tickets were priced at $30. Concert promoters say that price elasticity of demand for general admi
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