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under which market structure does the banking sector fall?
Consider a family saving function for the population of all families in the United States: sav = β 0 + β 1 inc + β 2 hhsize + β 3 educ + β 4 age + u where hhsize is househol
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
In the case of a tax abolition on food staples, what are the short run and long run effects?
to what extent are interest rates determined by the economic theory
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Perfect competition: The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situation
indifference curve and budget line
What is Nancy’s lifetime income as a function of her level of schooling, S? 2. What is Nancy’s lifetime income if she gets no schooling? What is it if she goes to school for all 60
Outline four limitation of game theory?
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