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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?
diffence b/n fixed and variable input
What is the difference between houehold and consumers?
define and explain theory of production?
John has a utility function given by U(M) = M0.5, where M represents an amount of cash prize in a game. If John wins, with the probability of 0.2, he will get $900; otherwise, he g
Consider the following linear program in primal form and develop the dual formulation in a detailed manner. Use matrix notation in developing the dual. Clearly express all the dual
what is the definition of economic system?
opportunity cost
You are tasked with evaluating a project for reducing nutrient (nitrogen and phosphorus) loading into the Gulf of Mexico (GOM). These nutrients make their way into the GOM by way o
why mrts should convex to origin
Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.
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