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Q. What do you meant by Monetary Targeting?
Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy tool used by strict monetarists. This policy approach failed in 1980s, when it became clear that supply of money couldn't be directly controlled by a central authority.
compare and contrast between cordinal and ordinal approaches
what is non- collusioligopoly and how its price and output is determined
Formal and Informal systems - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to
Explainbainlimitpricetheory
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Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
What do you mean by the utility function? The Utility Function: Sometimes this is easier to work directly along with the preference relation and its connected sets. Althou
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The plant cell when placed under hypertonic medium loses a great quantity of water and its cell membrane detaches from the cell wall. In that situation the cell is known as plasmol
explain two theories of economic rent
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