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State about the unitesd state government bonds In most countries, you find government bonds with longer maturity. For example, in the United States you have Treasury notes (two
What is productivity? Productivity or average product (AP): It is output person which is output divided through number of workers AP= Q/L. There labour Productivity can
Whenever real GDP declines, nominal GDP must also decline
If the marginal disutility of labor increases, the equilibrium real wage increases and the equilibrium quantity of labor goes up. True or false?
Explain the Economic functions of money - A unit of account In a monetary economy, all prices may be expressed in monetary units which everyone may relate to. Without money,
#If the reserve bank wants to pursue a contractionary monetary policy, the bank should?
why is international trade important to sa
The price will change in the market, only due to the change in demand for the product. True or false
Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
Macroeconomic policy Macroeconomic policy trade-offs are likely along the short-run Phillips curve however are not maintainable in the long run. In the short run a government
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