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Problem 1:
i) How might unemployment arise?
ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy.
iii) ‘'Inflation always comes at the expense of unemployment''. Comment.
Problem 2:
i) Briefly identify the cases for government intervention in an economy.
ii) Suggest and evaluate ways of how government actually intervenes in such a situation.
Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the
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1)The productive capability of an economy is such that to produce 5 units of military good it takes 2 workers to be employed while 10 units of consumer goods require 3 workers. Res
what is multi-plant monopoly?
Facilitating Restructurings- rationale in era of globalisation: There has been some progress in the last few years in efforts to improve the framework for sovereign restructur
how do oligopolistic market and monopolistic competition react to change in demand and supply ?
concept of supply and the factors that affect the supply
Question 1: i) Use a simple human capital model to explain the rationale for undertaking higher education. ii) Why do some people vary significantly in the amounts of human
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