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Problem 1:
(a) What are the main assumptions behind the macroeconomic theory of New Classical Economists?
(b) Describe the Lucas Supply function and explain its policy implications?
Problem 2:
(a) Analyse the activist/non activist policy debate.
(b) What is time inconsistency in monetary policy and what are the classical solutions to this problem?
#question.theories of cost
what is the indirect utility/
What is methodological economics? how its significance, Describe use of methodological economics...
PanCakes Creations is considering franchising its single brand of pancakes to stall-holders on the Zandvoort beach, which is 5 kilometers long. PanCakes Creations estimates that on
Select the production possibilities curve for an economy with 42 units of labor
Why is human capital so important in the development process? Explain human capital in terms of (the sum of) education/training/experience/ literacy etc, and clearly show how t
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Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not p
Sources of Economic growth: Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of
#questASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100
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