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elasticity concept in policy formulation
1. Suppose that there is a credit market imperfection because of asymmetric information. In the economy, there are N consumers. A fraction b of consumers consists of lenders, who e
consumer choice involving risk
The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d
Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
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Prove the theory of second best with the help of a diagram
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
1. Suppose the banking system has reserve of $750000, demand deposits of $2500000 and a reserve requirement of 20%. a. if the fed now purchases $125,000 worth of govt bonds from t
identify three factors to criticize the theory of consumer behavior or utility theory
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