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who are cheap money;gainers and losers
Explain the concept of elasticity and describe why the supply of petrol in the short run is relatively inelastic.
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en
Government and Price-Determination can be understood as follows: The government might intervene in the market and mandate the maximum price (price ceiling) or the minimum price
Assume the residents of an economy spend all of their income on cauliflower, broccoli and carrots. In 2003 they buy100 heads of cauliflowers for Rs. 200; 50 bunch of broccoli f
why is imports subtracted from the expenditure approach
#questionAssume that an economy''s GDP Y=5000. Also assume that the government runs a deficit where tax revenue T=1000 and government expendituresG= 1500. The consumption function
The Transmission Mechanism The mechanism by which the changes in monetary policy affect aggregate demand is called 'transmission mechanism'. Two stages in transmission mechanis
explain the profit maximizing/loss minimizing rule may be applied under the 3 scenarios
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