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Q. Explain about Quantity theory of money? One of the main elements of the classical model is quantity theory of money. Quantity theory of money connects three important variab
Explain about a model and use of it in economics. A model is a simplified demonstration of a real situation which is used to better understand real-life circumstances. The
Component of balance payment: BOP is a statement that summarises all the economic transactions between residents (individuals, companies and other organisations) of the home
explain the terms abnormal profits and normal profits
definition of cheap money
However, these results should be approached with due caution. The limitations and problems associated with VAR modelling have been outlined in this paper, therefore these observati
how can a country maintain equilibrium GDP with foreign trade?
the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
WHAT ARE THE TYPES OF PROTECTIONISM IN INTERNATIONAL TRADE
1. Consider the following game: a) Does either player have a dominant strategy? b) Does either player have a (pure) prudent strategy? c) Does the game have a saddlepo
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