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(a) Describe the different types of inflation in a country.
(b) Describe the trade-off between inflation and unemployment, using appropriate diagrams.
(c) Mauritius has been facing high rates of unemployment during the last few years.
i ) What reasons could explain such a surge in the unemployment rate?
ii ) Describe the measures that the government has taken to curb the unemployment problem.
In an industry with two firms, represent the outputs for these single product firms as q 1 and q 2 . The two firms decide to form a cartel and set their levels of output to maxim
Define the concept of cross elasticity of demand
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
When the curve that envelops the sweries of possible short-run average total cost curves is horizontal, this means that they are a. economies of scale, b. dieconomies of scale, co
Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time
Supply of a commodity is functionally related to its price. The law of supply rated to this function relationship between price of a commodity and its supply. In contrast to the in
its elements , scope calculation
Q. Describe Labour Market Segmentation? Labour Market Segmentation: Deep and systematic differences among various groups of workers, in which different types of workers are eff
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
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