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Change in demand:
change in quantity demanded occurs when the consumption of a commodity increases or decreases as a result a change in the price of the commodity, when all other demand factors remain unchanged. This is shown as a movement along the same demand curve.There are two types of changes in quantity demanded: an increase in quantity demanded and a decrease in quantity demanded. A change in demand, on the other hand, occurs when either more or less quantity of a commodity is now demanded when the own price of the commodity has not changed. A change in demand is normally occurs when there is a change in any of the other demand factors (referred to as demand shifters). It causes a complete shift in demand curve.
Interest rate sensitivity can also be understood from another perspective. The total cost of a commodity is not just its price, but also what must be paid to borrow money to purch
introduction of this model
if a bank has $6000 in checkable deposits and the required reserve ratio is 0.2 then the bank can lend how much money?
Dynamic model
brife note on demand
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An Exception: OECD Economies It isn't inevitable that there be such divergence. United States--with its 14 to 25-fold increase in output per worker over the years since 1870-ha
Measure Inflation : There are two common methods of measuring inflation: (i) percentage change in price index numbers (PIN) , and (ii) change in GNP deflator. The tw
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explain the main criteria for classifying firms into industries.which criteria serve the better and why?
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