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1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model.
a) explain and illustrate the economy adjustment ( in the medium run)
b) Explain and illustrate the economy adjustment (in the medium run) without devaluation.
1. Econ 415 Project Select one time series of real data. The series can be selected from the published data ( http://research.stlouisfed.org/fred2/). The data series must co
use a graphical illustration to briefly describe what the influence of an increase in immigrants would be on the market supply of labour
suppose the production function is given as:X=b0Lb1Kb2,where b0=level of technology find marginal product of factors(MPL0and MPK) find factor intensity
the general characterictics of economic models,its limitations and verification
Define Nash equilibrium
determination of interests rates in classical system
A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
a) Collect costs, revenue data, or other data from the industry that you deem relevant. Describe how you would modify the data in order to make it relevant to decisions a manager m
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