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Illustrate the circular flow of income and expenditure according to their models ( classical and keynesian)
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
Who decides what goods services will be produced and sold in the US? Ans) It is mostly the American consumer. The US government also plays a big role in the nation's economy, co
Q. Explain the basic characteristics of IS-curve? IS-LM diagram IS-curve The IS curve shows all combinations of R and Y where the goods marketis in
What do is and LM curve signify?
Q. Describe about Monetary policy? By monetary policy we mean policy directed at controlling the money supply and interest rates. In most nations, central bank is responsible f
Q. Classical model and the long-term Phillips curve? In classical model, L and real wage are determined from equilibrium conditions in the labor market. L and W/P, hence, are o
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
The more certain private property rights are, a. the less people need to invest in education or human capital development. b. The less entrepreneurship there will be. c. t
what is difference b/w dynamic and static multiplier
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