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Whenever real GDP declines, nominal GDP must also decline
comparison between neoclassical factor endowment theory of international trade and classical labor cost theory of comparative advantage
discus the various measures that may be taken by a firm to counteract the evil effect of a trade cycle
The aggregate production function Definition Imagine the national economy during a short period of time (say one week). We refer: L: total amount of work used duri
What were the key provisions of the economic stimulus bill passed by congress in February 2008? What further changes in fiscal policy have occurred since this time?
Suppose that the economy is characterized by the following behavioral equations: C= 170 + 0.7YD I= 170 G= 150 T= 100 a. What does equilibrium output equal? Y=? b. What d
The total value of loan in an economy is Rs. 400 million and the reserve ratio is 20 per cent. An enhance of Rs. 15 million in the money which the public keeps in commercial ba
Suppose that the marginal utility of good A is 4 times the marginal utility of good B, but the price of good A is only 2 times the price of good B. Is this point consumer equilibri
I want a Fiscal policy in the School of rational expectations.
note on Marris growth maximizing model
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