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Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
Which of the following is a result of an export subsidy? a. The imposing nation always benefits from an export subsidy. b. The imposing nation suffers a terms of trade loss from an
Why are the imports subtracted when GDP is measured in expenditure approach? If you woke up in the working & found that nominal GDP has doubled overnight. what statistic wou
the difference between the AC and the AVC curve
what is the meaning of the statement ''money is not merely a veil or wrapper''?
HOW TO GET THE REVENUES AND EXPENDITURES AS A PERCENT OF GDP?
how can we derive IS curve why has it negative slope
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase.
Aggregate supply and the AS curve The AS curve is the aggregate supply as a function of P. It is horizontal when thesupply is low and upward sloping when the s
What is the price elasticity of demand? It is the Defining and Measuring Elasticity. The price elasticity of demand is the ratio of the percent modification into the quantit
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