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working of static and dynamic multiplier in consumption function
Q. Relation between Money - wealth and income? Money isn't the same as wealth. An individual may be very wealthy however have no money (for instance by owning stocks and real e
Subsistence theory of wage determination
Q. Interest rates and inflation? Assume you have 1 million on 1st January 2008. A basket of services and goods similar to the CPI basket costs 100,000. You can then purchase ex
factors that causes the shifts in balance of payments
Identify and explain the evidence for and against the competitive model. Provide specific examples.
1. Which function of money is disrupted as a result of high inflation? Why? 2. The central bank of Fiji has issued $1,000,000 in Fijian dollars. What is the size of m
When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of it
The benefits of capitalism are that the governments have limited control over other business, which lets business compete.
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
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