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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.
Development plan: A Development Plan is a document which contains a policy framework and programme of development for a time period for a country. It sets out the general meas
Consumer Surplus -Difference between maximum amounts a consumer is wishing to pay for a good and amount actually paid. The stepladder demand curve is converted into a
Suppose you are a regulator in charge of allocating water between residential and agricultural users (farmers) in Southern California. You conduct a survey that finds that under th
what to produce? how to produce? for whom to produce
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
Nile.com, the online bookstore, wants to increase it''s total revenue. One strategy is to offer a 10% discount on every book that sells. Nile.com knows it''s customers can be divid
limitations
Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases
The Standard Indifference Curve Diagram. The standard model of labour leisure choice does not distinguish between females and males. It is a unisex model. The vertical axis gives
Explain the meaning of the statement "coffee and tea are close substitutes".
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