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define stagflation
A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions. Transactions happen
Q. Strength of the multiplier in microeconomics? Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
5 stratgies that can be used to regulate skilled labour in developing countries
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
stackelberg,bertnart,cournet about oligopoly
Suppose that the following equation characterizes the demand for primary education in a developing country X: Q = 100 – 2P Where Q is quantity demanded in years of schooling and
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
state 3 major assumptions which a production posibility is based
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