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The word double-dip is a negative -situation .This scenario has economically shall move back and switch in to a deeper and longer worse situation. A double dip recession states to a collapse recession as given by short-lived recovery, however gross domestic product number of turn up to worstbut most of goods take account of a slowdown in the demand for goods and services however of layoffs and expenditure reduction from the earlier downturn. Before a part or double of progressive evolution. Basically A double-dip depression mentions to a recession monitored by a short-term recovery, followed by a different collapse. The reasons for a double-dip recession fluctuate nevertheless time and again consist of a go-slow in the request for merchandises and services for the reason that of layoffs and outgoings money reductions as of the earlier recession. Mostly dip recession is happened where a recession identified to be easing and goes to back into recession again. But government has a path of handling and fixing number to show whatever it wants however this is massive challenging for financial and economic fall down that will more chances to end of the stage country's economy. in this case everybody will lose their life saving, there will be food riots, and more chances government will collapse.
QUESTION Explain the meaning of classical dichotomy, neutrality of money and Walras law. b. "In a Walrasian general equilibrium model with money as a unit of account, only r
Explain short run costs breifly.. In analyzing factor cost in an environment, accountants and economists speak much the same language. This is become, in a competitive market,
law of demand
Question 1: (a) Explain, giving examples, the law of diminishing returns, clearly bringing out the relationship between cost curves and product curves in the short run. (
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why does the quantity of salt demanded tend to be unresponsive to changes in its price?
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QUESTION (a) Define a public good and discuss how free riding might be a problem in the provision of a public good. (b) What is the rationale for government intervention in
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