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Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids =
Determine the main target of monetary policy Since 1997 'official' main target of monetary policy has been to 'hit' inflation rate target set by government. Though since the o
Could you explain the "interest rate effect" in terms of the slope of a curve?
Explain production as an income generating activity. What are the principal difference among government purchases of goods & service and transfer payments? Why are in
Suppose the potential level of real domestic output (Q) for a hypothetical economy is $160 and the price level (P) initially is 200. Use the following short-run aggregate supply
Write the compensation principal of socitovsky
discuss four weaknesses of using national income statistics in comparing living standards between two countries
In 2010, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $53 billion. If there were
Give example to calculate the price level Imagine that we have created a particular basket of services and goods. We calculate price level at four different points in time duri
the difference between the AC and the AVC curve
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