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Is there a trade-off between inflation and unemployment?
The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those markets are imperfect and therefore need priming. The opposing view, from the monetarist/classical side, argues that any intervention by government aimed at stimulating demand beyond the full employment level of output (i.e. LRAS) will be purely inflationary - the trade-off is a SR issue.
MRP Technique - Estimating the Level of Output for the Target Year Taking into account several parameters of economic growth such as past trends, present as well as proposed
True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
What is main difference between capital intensive goods and primary products? Primary product means the major product in which the firm is dealing. Capital intensive good mea
What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co
What are the economies and diseconomics of scale?
different btn elesticity of demand and inelasticity of demand
discuss the implications of various market structure for price determination
Types of budget: Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by
problems in traditional economic
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