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Equilibrium in both the goods and in the money market If both the goods- and the money markets are to be in equilibrium... ...if P increases, Y must fal
Suppose the utility function is given by: u(x,y) = 3x+4y. What kind of goods are X and Y and what is the MRS?
A budget deficit is defined as: A. accumulated surpluses minus accumulated deficits. B. a shortfall of revenues compared to expenditures. C. accumulated deficits minus accumulated
discuss four weaknesses of using national income statistics in comparing living standards between two countries
If 5000 units are sold and income increases by 20% with an income elastiticy of +2, what will the number of sales units be after the increase
How does the Ricardo Viner diagram react when once price changes, effects on real wages, and labor allocation?
What is Money supply The monetary base is only a small part of the total money supply but, through the multiplier effect, the central bank's control over the money supply is ma
When the reserve requirement changes, which of the following will change in the total banking system? (Answer change or No Change) Transaction Deposits Total Reserves Req
what is analitical approch to macroeconomics
Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities
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