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Q. Explain about Phillips curve ? The Phillips curve According to traditional Phillips curve, there is a negative and stable relationship between unemployment andwage in
discuss four weaknesses of using national income statistics in comparing living standards between two countries
Trends of Trade Shares: India's share in total world exports in 1950 was 1.85 percent and the share in total world imports was 1.7 1 percent. The share of both exports and imp
barriers to entry?
Consider the following prisoners' dilemma game. C D C 4,4 0,6 D 6,0 1,1
why does the price level not enter desire consumption, investment and net exports of the desired aggregate expenditure function in the keynesian cross model
What are economic growth and the growth rate? Economic grow: It rise in a country is real level of national output like measured through Gross Domestic Product (GDP). Wh
Consider a nation in which the volume of goods and services is growing by 5 percent per year. If a country's economic size is growing faster than the rest of the world, then
The price level is the monetary value of a good or service.
Between 2007 and 2009 the U.S. economy experienced a severe recession. In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal
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