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What is the Macroeconomics?
Macroeconomics is study about the aggregate behavior of the economy like how the actions of all the individuals and firms within the economy interact to make a particular level of economic performance overall.
Illustration: Overall level of prices within the economy (how low or high they are relative to prices previous year) quite than the price of a particular good or service.
Individual Demand * The Individual Demand Curve - Two significant Properties of Demand Curves - 1) The level of utility which can be attained changes while moving along
baumol''s theory
1. Cost minimizing firms must be profit maximizing as well. False, why??
The Long-Run Supply of Housing * Scenario 1: Owner-occupied housing - Suburban or rural areas - National market for inputs * Questions - Is this an increasing or co
Policy Implications: The expansion of the services sector has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:
What are the keys of the profit maximisation in production technology? Profit Maximization in production technology: a. Producer Behavior b. Producer’s Optimal Choice
1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
identify three factors to criticize the theory of consumer behavior or utility theory
how slustky equation provides neat analytical expression for substitution and income effect?
explain main features of short run engineering cost theory
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