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Assume that full-employment GDP is £500 billion and that current GDP is £450 billion. Assume also that the mpcd is 4/5.
(a) Is there an inflationary or deflationary gap?
(b) What is the size of this gap?
support the macroeconomic forecast using the real and financial frameworks that irelands unemployment rate will remain
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Examine the impact of U. S. population demographic changes on the demand for different goods
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At a price of $40, what output level would the firm produce? What would its profits be
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