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Q. Describe Consumer Price Index? Consumer Price Index:Consumer price index (CPI) is a measure of overall price level paid by consumers for various services and goods they purc
relation between production and consmption
determinants of demand and determinants of supply
The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot
what are the practical importance of income elasticity of demand?
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
williomson''s model of managerial discretion
What is the problem of central economic
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
according to Tobin 1993,examples of Keynesian unemployment includes situation where
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