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What are the causes of inflation?
Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons:
1) Demand-pull inflation;
2) Cost-push inflation and;
3) Demand-pull inflation caused by excess money supply.
Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry
prove that marginal utility of x=the price of commodity x.
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
how to find opportunity cost on PPc
Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
what is a sub game perfect Nash equilibrium
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc
under which market structure does the banking sector fall?
indiffference curve
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