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Discuss whether inflation or deflation is the more serious problem for an economy.
Inflation is a consistent general enhance in the price level, whereas deflation is a consistent fall in the general price level, i.e. negative inflation. The basic damage to an economy of both, ultimately showing - perhaps - that deflation, whereas rarer, can be held by many economists to be the greater of two evils.
what is indifference curve''s theory and application
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
1. Explain- a. Tragedy of commons b. Free rider problem c. Diminishing marginal utility d. Diseconomies of scale e. Tax incidence f. Elasticity g. Gains from
discuss utility
Question (a) Describe clearly the three concepts of elasticity of demand. Use appropriate examples and diagrams to support your answer. (b) Consider you have been appointed
Hi, I am taking an economics course. I have a problem where I am given 2 types of units with the same production rate and the labor used to produce those units. I am supposed to c
Inductive effect
(a) Suppose Scientists discover that eating soybeans prevents cancer and heart disease.
The total demand consists of: 1. New owner demand and 2.A replacement demand The replacement demand tends to grow with the in the total stock with the consumers. Once a pe
define economics in plural sense. .
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