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multiplier static and dynamic
Q. Describe the Keynes motivation? Keynes' motivation: In good times, when Y is high (above its trend), national income is high (above it trend). Consumers will take this opp
Determine what is the yield curve The yield curve is a graph of interest rates of different maturity (recalculated to yearly rates) at a particular point in time. It is common
Store of value - Economic functions of money If you are a fisherman and have a temporary surplus of fish that you want to store for the future, storing the fish might not b
can a country have a current account deficit and a capital account deficit at the same time?
uses of national income statistics..
Aggregate demand with inflation In previous versions of Keynesian model, Components of aggregate demand did not depend on P. In IS-LM and in AS-AD models, investments depended
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explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
evaluate the usefulness of the model in South Africa
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