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Energy Infrastructure: Electricity is one of the main determinants of the quality of life. In India, the power sector has not kept pace with the growth in demand resulting in
what is the function of a budget
Give example to calculate the price level Imagine that we have created a particular basket of services and goods. We calculate price level at four different points in time duri
Explain a circular flow of income in a frugal econmomy with diagram
impact of change in government expenditure and tax on fiscal policy
One constraint in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime
Suppose that a firm has a budget of $30,000, that the wage rate is $10 per hour, and that the rental rate is about $100 per hour. I f the wage rate increases to $15 per hour and th
Illustrate the circular flow of income and expenditure according to their models ( classical and keynesian)
Suppose that the yield curve is flat at 5% per annum with continuous compounding. A swap with a notional principal of $100 million in which 6% is received and six-month LIBOR is pa
How growth are improved living standards The two main benefits of growth are improved living standards and technological advancement. As an economy grows, the output of
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