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QUESTION
(a) Analyse the activist and non-activist policy makers' choice between implementing a policy rule or a discretionary monetary policy.
(b) Explain why the policy rule is not credible and discuss the solutions to overcome this problem.
Write detailed notes on any Two of the following:
(a) The equity price channel for transmission of monetary policy.
(b) The credit view.
(c) The causes and persistence of inflation.
(d) Friedman modern quantity theory and its empirical validity.
Question 1: a) Explain, with the use of examples, what is meant by the ‘Factor Endowment Theory'. b) According to you, can the ‘Factor Endowment Theory' be a reasonable e
1. Three clients of Disrup, Ltd P, Q and R are direct competitors in the retail business. In the first week of the year P had 300 customers Q had 250 customers and R had 200 custom
How much power or influence does a U.S. President versus a company CEO actually have in a free enterprise system, when it comes to producing jobs or the decision to manufacture co
Task You work for a government of a European country that is considering making admission to museums of your country free to make them available to everybody. You have deci
(i) Explain the term capital accumulation. (ii) Explain the different views on economic development. (iii) In the golden age of globalization countries, especially develop
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
as mention above, the physical demand for gold rises in india during late summer and the beginning of fall.what situation occurs at the end of the year?
What factors affect Population Change? Population growth is affected by given factors: • Births from the 1960s birth rates have declined quickly inmost LDCs except which in
How can the role of government in development be assessed? Increasingly governments are judged through the outcome of their policies within achieving above average development
explain law of production
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