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what is a limitation of nation income
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
how to solve problem of scarcity and choice
Tariffs and Non-tariff Barriers A significant aspect of the trade reforms of the 1990s was the reduction in the then prevailing very high import duties (over 300 percent in so
Q. Determination of variables in AS-AD model? Once Y and P are determined, all other endogenous variables would be determined as well. Interest rate is determined by money mark
what is the importance of the quantity theory of money
Q. Explain Consumer Price Index? CPI is a price index of a particular basket known as the CPI-basket. CPI-basket comprise essentially all the servicesand goods consumed in a co
what is the use of national income statistics as an indicator for a country''s standard of living?
unplandned change in inventory are coutned as investment spending by firms
The Pigou effect: A) suggests that as prices fall and real money balances rise, consumers should feel less wealthy and spend less. B) suggests that as prices fall and real mo
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