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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.
having utility function U(x,y)= x1/2=y1/2, determine the hicksian demand function, expenditure function and indirect utility function.
Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,
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Supply and demand for a given type of MP3 player are given by the following equations: P=980-1.5Qd P=20+0.9Qs
what is the significance of the Loucas critique in political economy?
Allocated Stock and Safety Stock Allocated stock A category of stock which ensures that current stock is set aside and not issued under the normal procedure. Safet
if the inverse demand curve is p = 120 - Q and the marginal cost is constant at 10, how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
Measuring the Economic Value of Education A review of research works regarding the economic value of education shows that it developed in four different directions. They a
Circular Flow of Income: The diagram shows Real Flow (goods and services) and Monetary Flow (Income and expenditure). The bottom pair of arrows depicts the goods market.
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
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