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Determine whether the ff is counted as part of gdp which of the ff statement are included or excluded 1.1A monthly cheque received by an economic stu
what is ment by demand
Concepts of Income and Substitution Effects: Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price
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determinants of demand and determinants of supply
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
state the law of downward sloping demand
What is inflation gap
what is ratios GNP? what is use of models in macroeconomics?
define and explain theory of production?
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