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Question 1:
Discuss why living standards are higher in some countries than others.
Question 2:
(a) How is inflation measured?
(b) What are the causes and consequences of inflation for an economy?
Question 3:
(a) What might cause an appreciation of a floating exchange rate?
(b) Discuss whether an appreciation of a country's exchange rate will always be beneficial to that country.
Question 4:
Write short notes on the following: (a) Monetary Policy (b) Fiscal Policy (c) Balance of Payments (d) Money Demand (Keynesian approach) (e) Economic Growth
Q. Money market with inflation and constant money supply growth? If π M = π and π e = π, both IS- and LM-curve will be fixed. Figure: The money market with inflatio
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This economics of scale exist for all of the following reasons except: a. bureaucratic inefficiencies b. management problems c. failures in information flows d. firm size is to
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What are the requirements for something to be considered money? Why does the dollar have value?
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