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Q. Explain the problem involved in consumer price Index? To explain the problems involved in calculating CPI we consider MP3 players. If you measure the average price of MP3 pl
what effect would a rise in the velocity of money have on output, employment and price level?
1. Estimating Women's Labor Supply a. The following regression was run for an estimate of the current women's labor supply curve: Where h i = hours of labor suppl
importance and limitation of principle of acceleration
What does a shift in the demand to the right mean? Why does the demand curve shift?
Question: Using diagrams where appropriate, describe the concepts of scarcity, choice and opportunity cost. Distinguish between negative and positive externalities, explain
Q. Show the components of GDP? The circular flow - simple version We have defined GDP, gross domestic product, as the market value of all finished service and goods produced
what is the role of advertising in baumol''s model?
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discuss four weaknesses of using national income statistics in comparing living standards between two countries
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