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Q. What is Keynesian model?
Keynesian model is slightly more complicated than the classic model and it is developed in four stages by analysing four separate models. Every model has, though, a value in itself. The models we will consider and the key characteristics of each are:
Once we have developed full Keynesian model, we will combine it with clasmodel that will lead to the neoclassical synthesis.
what are the limitation of economies scales
If the firm‘s lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if • The market price is $51?
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Explain the pre-emptive monetary policy Since 1992 UK monetary policy has been 'pre-emptive'. In pre-emptive monetary policy authorities announce that they are prepared to rai
what is analitical approch to macroeconomics
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ACCOUNTING SYSTEM-EXAMPLE Let us now introduce a complication. There are three firms in the production sector. The Fruit Extracts Company manufactures from raw fruit, fruit ext
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