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What caused the productivity slowdown?
Observers have pointed to 4 factors--Oil prices, baby boom, increased problems of economic measurement and environmental protection expenditures--and there aren't any doubt others.
Though the causes of productivity slowdown remain uncertain. Productivity slowdown remains a mystery.
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
why constant return to scale is important
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What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
Draw a diagram to show the type of bond between two flourine atom
1. What is a resource market? 2. Describe resource demand and resource supply. 3. Define derived demand. 4. Describe the resource market demand and supply curve. 5. Define a te
Structural Unemployment: This is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology.These changes may in turn alter
Define the Production Possibilities Curve
diagrammatically condition of consumer equilibirium
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