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Describe the Structural unemployment
Individuals who are unemployed as their skills are no longer in demand where they live. This kind mainly results in longer spells and may require the unemployed to acquire training or to move.
Suppose that a widget market is described by the following supply and demand equations. Supply: Q = 3 P Demand: Q =400 - P a. Solve for the equilibrium price and the
explain and illustrate how the Lm curve is derived.
circular flow of national income?
Balance of Payments All countries have economic transactions with other countries. These consist of import and export of goods and services, official and private gifts and don
money multiplier
A friend says that the economy will produce inside the PPF curve (like pt E below) since we in the economy value saving, or for some other reason. You say this is incorrect. Why? U
Expenditures and the Effects of Fiscal Policy are stated as follows: Having finished the discussion on the tax policy and taxation, now let’s us focus on expenditures and the e
How commercial banks "create money" Commercial banks obviously cannot influence the amount of currency in the economy or the monetary base, since they are not allowed to print
Whenever real GDP declines, nominal GDP must also decline
mention and explain four factors that determine the volume of production.
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