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You are given the following information about an economy: Gross Investment = 40 Govt. purchases of goods & service =
Interest rate determination The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil
Ask question #impotance of capital output ratio#
WHAT IS THE BEST EXCHANGE RATE TYPE
Q. Explain the long-run Phillips curve? The long-run Phillips curve The augmented Phillips curve has an important consequence: the long-run Phillips curve must be vertical
The original data values cannot be determined once they are grouped into a frequency distribution channel?
Joe has preferences over pizza (p) and beer (b) given by U = pb. The marginal utilities are MU p = b and MU b = p, and Joe's income is I = 60. 1. Find Joe's optimal consumptio
Demand: Demand is quantity of a good buyer who wishes to purchase at each conceivable price. The law of demand explains us that if the price of certain commodity increases,
calculation of GDP
Q. Is Household savings depend on GDP in the cross model? Household savings depends on Y since S H = Y - C - NT and C and NT both rely on Y. How it depends on Y can't be concl
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