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What is the study of economics about?
Over the past few years there has been much concern about falling housing prices, and some policy makers have argued that the government should put a floor under prices so that the
determination of interest rate in classical model
Granting a loan: When commercial banks lend, they create money. This can be explained by extending the hypothetical example of Bank
ISSUES RELATED TO BALANCE OF PAYMENTS: It is to be remembered that the Indian economy witnessed varying intensities of BOP problem during 1956-9 1. However over the 1990s,
Q. Augmented Phillips curve? Remember that Phillips curve, as it was incorporated into the Keynesian model, presumed a stable relationship between wage inflation andunemploymen
Inflation (RPI) - another imperative channel. Oil is a necessity for the UK, and is price inelastic therefore one can analyse the correlation between a price shock and inflation. I
1) Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
given the consumer maximizing problem subjest to consumption, the firm''s maximizing problem subject to revenue as a function of labour demand, and the government''s budget as G=T.
WHAT IS THE CENTRAL PROPOSITION OF THE ORTHODOX KEYNESNIANS?
how does economy works?
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