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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 income.
On the other hand, the IS-LM model is a more general model (involving more variables, e.g., P and r) to demonstrate Keynes's idea about the equilibrium income.
identify any four other law of demand and give examples
I have some Microeconomics problem need to be solve, three Long question and 10 multiple-choice. If I give you four hours can you finish.
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
Consumer Choice * Decision making & Public Policy - Selecting from a non matching and matching grant to fund police expenditures
What is Hicksian demand function? Hicksian Demand Function: The solution of expenditure function that is the function of (p, u) is denoted by h(p, u) and termed as the Hicks
Capital Account: The Capital Account presents transfers of money and other capital items and changes in the country's foreign assets and liabilities resulting from the transac
What is meant by non Price Competition? In which market structure does it exist? None price competition is an effort put by the supplier to earn extra profit without enhancing
ppf
#question.what is the periodc clasification?.
Why is the concept of scarcity relevant to both LDC s and MDC s? All societies throughout time have wrestled with the basic economic conundrum of having needs that cannot be me
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