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1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output. Illustrate your answer
Managerial theories of the firms
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
What are the income and cross elasticities of demand? Why might they be useful? Explain.
determination of rent
substitution and income effect on inferior good
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
What determines aggregate demand?
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