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Assume the United States has the following consumption information: GDP = Income Consumption
Discuss the three major economic indicators and how they are indicative of our current economic climate.
Q. Explain Reversed Say's Law? In the cross model, supply should instead follow demand. Cross model not only rejects Say's Law, it turns it entirely upside down. In the cross m
Q. Why GDP is determined only by aggregate demand? Note that we haven't said anything about the aggregate supply so far. In order to justify why GDP is determined only by aggre
How can a country maintain equilibrium GDP with foreign trade?
Can democracy survive if a majority of the citizen pays little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not?
if govtment face cost push inflation which policy govtment should take to control inflatoin?
What is the amount of five equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $1500 is made at the end of year six and subsequent withdrawa
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
The demand for nominal balances rises with the price level. At the similar time inflation causes the real demand for money to fall. Describe how these two assertions can be both co
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