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what is reciprocal demand?
Is there any relation between inflation and unemployment? The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
static & dynamic multiplier of keynision theory
Surplus The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction
economics of uncertainty with examples
Implementation of economic policy: On the ability of civil servants and Government to learn, Government must possess the following qualities to ensure implementation of econom
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
what does it mean by a normal good ?
2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
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