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Consider the impact of an increase in thriftiness in the Keynesian-cross analysis. Assume that the marginal propensity to consume is unchanged, but the intercept of the consumption
What is most likely to go wrong in the analysis of direct material and other direct costs and what could be done about it.
Explain how inflation unemployment trade-off is not feasible under adaptive expectation.MEC002
Discuss the three major economic indicators and how they are indicative of our current economic climate.
Could you explain the "interest rate effect" in terms of the slope of a curve?
Using supply and demand diagrams, plus explanations of why you have drawn the supply and demand curves the way you have, explain why, in most cases. a) Garbage collectors earn mor
the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
Determinants of Money Supply The preceding sections concentrate on the processes through which the commercial banking system creates and destroys deposits by purchasing and se
Macro Economics 1. How was the Classical Theory of interest role criticized by Keynes? 2. Illustrate the barter system that was used in early times in lieu of money. 3.
The following is the information from the national income accounts for a hypothetical country: GDP
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