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What determines aggregate demand?
demand for risky assets
Factors of Production : The factors of production are the resources that are essential for production. They are usually separated into 4 dissimilar groups: Land - all natu
What is the role of profits in a market economy? Profits act as an incentive to producers and potential entrepreneurs, and also as a signal to both that resources may be re-al
Explain Monetarist and Monetary policy Monetarist: A group of economists who believe that alters in the money supply are the most effective instrument of government economi
explain the marginal produtivity theory
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
describe engineering cost theory in detail
how is price and output equilibrium determined in Williamson''s model of managerial discretion?
what are the values of real money supply and the current price level
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