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What is Trade liberalisation
Trade liberalisation is the removal of barriers to trade. This has mainly taken the form of restrictions created by national governments like quotas, tariffs and bureaucratic regulations designed to protect domestic producers from lower-priced international competition. The GATT trade rounds and World Trade Organization that was created in 1994 have tried to establish international free trade and liberalise markets in order to raise competition and improve economic efficiency.
The Transmission Mechanism The mechanism by which the changes in monetary policy affect aggregate demand is called 'transmission mechanism'. Two stages in transmission mechanis
Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion. 1. Potentially, how much will real GDP increase in the short-run after the inc
Loretta liver more labs purchased R&D equipment costing $200000.00 The interest rate is 5%,salvage value is 20000.00 and the expected life is 10 years. Compute the PW of the deprec
how do i calculate how much the gorverment should spend if the MPC is 0.8 and 200million is requered to reach full employment ?
calculation of GDP
brifly explian
What was the classical models
TRADE AND DEVELOPMENT: In the earlier Units of this block, you have learnt about the trade policy from historical perspective and the recent shift in policy during nineties. Y
Long-Run Labor Demand: Graph an increase in the wage when only labor is a 'normal' input to production. Graph an increase in the wage when both inputs are 'normal'
A monopolist faces the following demand function for its product: Q = 45 - 5P The fixed costs of the monopolist are $12 and the variable costs are $5 per unit. a) What are the pro
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