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Fiat money is what is regular in modern economic systems. Fiat money is money that is described as legal tender by either a government or some organization with the authority to explain legal tender. In the United States the Federal Reserve System issues Federal Reserve Notes, which give as the legal tender for the United States. The currency used here is backed by nothing excluding the faith of the general public that this money will be acceptable by everybody else with whom you could have an economic transaction.
How solve central problem of economy in mixed economic system?
MRP Technique - Estimating the Level of Output for the Target Year Taking into account several parameters of economic growth such as past trends, present as well as proposed
A portion of the demand schedule for wax candles (per case) is shown below. Px $50 $30 $10 Qx 500 600 700 What is the demand curve (straight line) that corresponds to the schedu
International Monetary Fund: The International Monetary Fund (IMF), the World Bank and the International Trade Organisation were conceived at the Brettonwoods Conference in Ju
Elasticity of Price Expectations (epe)
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age
EOQ formula The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inve
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
Inverse Demand Function: If variable factor prices changes, then the isocost line will tilt and consequently, the optimal factor requirement will be different. Suppose the wage rat
advantage dis advantage of pure monopoly
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