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Q. Definition of Money?
Before talking over macroeconomic models we should define what we mean by money. Money has aninteresting and long history and an understanding of how we came to use money is useful for any macroeconomist. Unfortunately, there isn't enough space to explain how money was 'invented' and how it evolved over time. There are, though, many excellent descriptions on Internet.
'Money' in economics is in fact not as simple to understand as you may think and many use the term money in a way inconsistent with how it's described in economics. Money is defined as any token or commodity which is generally accepted as payment of goods and services.
Say that the equilibrium price and quantity both rose. What would you say was the most likely cause? There was _____(increase, decrease, no change) in demand and ________(increase,
Q. Describe about consumption function? The consumption function Consumption C(r) is assumed to be negatively related to the real interest rate r
After a competitive bidding process, Firm G wins a contract to collect and dispose of Firm H's hazardous waste for $1,000 per year. Firm G's labor costs are $200 per year, and beca
Do you think that public administrators should be restricted to only laid down rules in the discharge of their duties as espoused by Max Weber or should they have some amount of di
In order to estimate aVAR, alag length must be used in the estimation. There are many different criteria which can be used to signal the ideal lag length to use.Asteriou & Hall (20
Privatization is the move of ownership from the public sector (government) to the private sector (business).
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world, in
Loretta liver more labs purchased R&D equipment costing $200000.00 The interest rate is 5%,salvage value is 20000.00 and the expected life is 10 years. Compute the PW of the deprec
how is it calculated
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