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Why is private property, and theand the protection of property rights , so critical to the success of the market system ? How do property rights encourage cooperation?
Give example to calculate the price level Imagine that we have created a particular basket of services and goods. We calculate price level at four different points in time duri
what is the importance of the quantity theory of money
The study of the overall aspects and workings of a national economy is like as income, output, and the interrelationship between diverse economic sectors. It is the study of all as
explain the phillips curve the relationship of inflation and unemployment
What are the international economic crisis A current account surplus can only take place in one nation if there is a current account shortage in another country. So it makes no
Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc
How can a country maintain equilibrium GDP with foreign trade?
TRADE policy: We are now in a position to sum up our analysis of India's trade policy. First, India's trade policy has always been very intricately related to India's basic de
From the lower left graph of Fig. it can be seen that there is a time lag associated with an oil price shock and its subsequent effect on unemployment. The results show that for th
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