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How do we evaluate the value of money?
Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and demand contain the following: • Interest rates • Inflation • Balance of trade • Economic growth • Market speculators • Government budget deficits/surpluses
why diminish MRS?
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
1) The $787 billion stimulus package, "American Recovery and Reinvestment Act" passed in Winter 2009 contained a mix of tax rebates, tax credits and increases in various transfer p
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
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
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about the price determination with the held of diagramatic explanation numerical explanation related to the concept
The Productivity Growth Slowdown However in 1973 steady trend of climbing rates of productivity growth stopped cold. Between 1973 and 1995 measured growth in output per worker
Economics; Different Perspective ? Economics is the knowledge of the choices taken by people who are faced with scarcity. ? Scarcity is a condition
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