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Inflation (RPI) - another imperative channel. Oil is a necessity for the UK, and is price inelastic therefore one can analyse the correlation between a price shock and inflation. It is to be expected that an increase in the price of oil would lead to increased inflation, which would then impose pressures onto GDP. Thus it is of vital importance to observe the relationship between oil and inflation. The data is given as the quarterly rate of change from the previous 12 months.
Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?
Discuss how decisions are made in your workgroup. Which model is used for what situation? Be sure to provide specific examples of at least three situations and what model was used
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Prepare an essay regarding the concept of maximization and the assumptions associated with the behavior of the economic man.
Assume the United States has the following consumption information: GDP = Income Consumption
a complete demend funtion equation
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