Macroeconomy, Adding the economic activities of government to the circular ...

Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,

Economics, what is the differences between utility theory, indifference the...

what is the differences between utility theory, indifference theory and revealed preference theory

What does the is-lm framework mean, What does the IS-LM framework mean?  ...

What does the IS-LM framework mean?  The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th

H.W. help, Suppose the price of printing paper for digital cameras has rece...

Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,

Determine the action keep the price above market equilibrium, What actions ...

What actions could a government take in order to keep the price above market equilibrium? There are four basic possibilities here; 1) Minimum price;  2) A tax on the good

Managerial economics, define perspective of managerial economics.

define perspective of managerial economics.

Fixed input and variable input, Fixed input and variable input: A fixe...

Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc

The lower the value MR of monopolist ,

Forms of globalization, Globalization: A generalized historical process by ...

Globalization: A generalized historical process by which more economic activity occurs across national borders. Forms of globalization include international trade (imports and expo

Exchange, three marginal conditions of pareto optimality

three marginal conditions of pareto optimality