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give and explain the different causes of national income variation
1) Assume that the production function for New Zealand is given by Y = AK0.57L0.43, where Y is real GDP (in 2000 constant dollars), K is real capital stock, L is labour. The parame
Changes in Money Market Equilibrium A shift in either the supply curve for money or the demand curve for money will alter the equilibrium position in the money market (and the
according to the Keynesian model, the short-run aggregate supply curve is horizontal when: A: there are unemployed resources and prices do not fall when aggregate demands falls. B:
briefly explain any five uses of national income statistics
The law requires that the parties be competent to enter into a contract. Give an example of a party who lacks competence.
objective of the study
We divide all firms into 3 categories: FR includes all firms which acquire raw material (iron ore, farm products and so on), FH all those that produce semi-manufactured goods (stee
the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
how large money is supply (M1)
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