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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.
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
2. Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a resu
marginal conditions of pareto efficeincy
Q. Describe the Theory of effective demand ? Effective Demand:Theory of effective demand was developed separately in the 1930s by Michal Kalecki andJohn Maynard Keynes. It eluc
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
to what extent are interest rates determined by the economic theory
Income and Substitution Effects: Normal Good * The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c
national income and what is used to measure it
the difference between an lc3 and other types of businesses is that
Question 1: (a) Describe what is Economic growth and describe its relationship with standard of living? (b) Assuming you are the government economist, what policy measures
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