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Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste
how to calculate growth rate in closed economy
IMPLICATIONS OF FAILURES OF POLICY IMPLEMENTATION: Given the phenomenon of policy failures, as indicated above, one often comes across the view that places the blame for these
MONOPOLISTIC MARKET
maximum profits will occur at the output level
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?
World Trade Organization: An international economic organization based in Geneva, Switzerland,formed in 1995 which is dedicated to promoting greater trade and investment among its
what are the forecasting techniques
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
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