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Uses of Balance of payments account:It removes the uncertainty associated with the flexible exchange rate regime and brings stability.It also indirectly imposes some anti inflationary discipline on policy makers since there is the need to maintain and defend the exchange rate.
Would a risk loving person prefer an increase in the chance of winning the lottery by 20% or an increase in the jackpot of 20%
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
Define Nash equilibrium
SUMMARY OF THEORY OF PRODUCTION
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
What is ceteris Paribus? Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equa
keynsian cross model
How dose PPC help, illustrate the basic economic problem?
what is price elasticity of demand ? write briefly with explaining it''s type.
law of diminishing marginal utility its assumptions, limitation, and its practical importance
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