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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.
why is international trade important for South Africa?
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the production of 200 units of consumer goods and 300 units of capital goods : a) indicates full employment b) may be a result of unemployment c) may be impossible for now d)
QXd = 14 - (1/2)PX and QXs = (1/4)PX - 1 Instructions: Round your answers to the nearest whole number. a. Determine the equilibrium price and quantity. Show the equilibrium g
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What is the difference between money multiplier and credit multiplier
1 ) GDP Consumption 240 244 250
Evaluate the mercantilist economists. Determine which economist you feel made the most significant contribution to economic theory. Provide at least two (2) reasons to support your
What was the classical models
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