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What are the differences between the IS-LM model and the Keynesian model? The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium i
explain economic growth
Explain about the money metric utility functions. The Money Metric Utility Functions: It is a nice construction including the expenditure function which comes up into a vari
Inductive effect
Elasticity of Price Expectations (epe)
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec
would a rational producer be concerned with the average or marginal product of an input in dec
Capital make large scale production and greater degree of specialization possible. Thus with capital accumulation the advantages of large scale production and specializations are o
Explainbainlimitpricetheory
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