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What are the Two types of money
In most countries, one can identify two "types of money":
Total value of all the money in a country at a given point in time is known as the money supply and this is a vital macroeconomic variable. Reason for the importance of money supply is that it measures how much is available for immediate consumption. There is a significant relationship between supply of money and inflation.
What are the basic differences between the investment curve and an investment demand curve for an economy
effects of a real wage existing in the market that is lower than the equillibrium real wage. what will eventually happen in this labour market if it is perfectly competitive
If the price of a good rises, what are people likely to do? a Substitute a less expensive good b Buy more of the good c Buy more of all goods because of added buying power d All of
uses of national income statistics
Please explain each of the following terms and explain how each is used in the standard model. 1. Iso value line's 2. Production possibilities frontier 3. Indifference curve. You w
According to Keynes, the economy could become stuck at a low income level if: A. aggregate demand and aggregate supply are independent of one another. B. declines in aggregate dema
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
Q. Describe about Components of GDP? By considering all arrows to and from the goods market we see that Y + I m = C + I + G + X. Left hand side is the value of all finishe
the whole explanation of dpd
Potatoes cost Janice $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the sec
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