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Explain how Monetarist economics views the role of markets and government intervention in fighting business cycles.
Monetarist economics believes that the government should follow a steady money supply and not use active monetary policy interventions over the course of the business cycle.
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
Strong Domestic Economy: We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
where would i find the matter for this topic?
The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t
Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws. Explain your rationale.
FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat
Define law of demand. Answer: Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good r
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
is economics a positive science
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