What is fundamental reason behind the study of economics

Reference no: EM133469436

Question: What is the fundamental reason behind the study of Economics? Can you state it in one word?

Reference no: EM133469436

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Find the real interest rate that clears the goods market : Using both versions of the goods market equilibrium condition, Y = Cd + Id + G and Sd = Id. Find the real interest rate that clears the goods market.

Calculate the new level of nominal gdp : The central bank is increasing the money supply by 7% each year. How much will the nominal GDP and the price level increase annually as a result?

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What is fundamental reason behind the study of economics : What is the fundamental reason behind the study of Economics? Can you state it in one word?

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