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Real and nominal GDP, GNP, and Intrest rates, Stock & flow variables, Disinflation, Inflation rates, unemployement rates, labor force, participation rate, output per person, GDP d
Productivity:Generally, productivity measures efficiency or effectiveness of productive effort. Productivity can be measured in several different ways. Physical productivity measur
how does utility figure in the analysis of consumer demand
Why in 1996 did the BEA switch to calculate real GDP using the "chained-dollar method" from the "constant-dollar method"? The BEA made the switch from the constant-dollar metho
different types of production funtion and curve given by different economist
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
shows teh steps in unitary mehod
A firm has two plants. One plant produces according to a cost function cl (91) = Yf. The other plant produces according to a cost function c2(y2) = Yg. The factor prices are fixed
It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st
define for whom to produce
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