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Aggregate Supply
When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services needs to meet aggregate demand.
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explain diagrammatically the bains model of limit pricing.
Assume the banking system contains: Total Reserves $ 80 billion Transactions Deposited $800 billion Cash held by public $1
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class
Ask question # how do you formulate a demand and supply equations when you a table of prices, quantity demanded and supplied?
What is methodological economics? how its significance, Describe use of methodological economics...
1. What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2. Define economies of scale and e
explain normal profits and abnormal profits
Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
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