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Explain Monetarist and Monetary policy
Monetarist: A group of economists who believe that alters in the money supply are the most effective instrument of government economic policy, and the major determinant of the price level.
Monetary Policy: The use by government of alters in the supply of money and interest rates to achieve desired economic policy objectives.
how does the concept of possibility production curve aplicable in real life?
The vast majority of corn and soybeans produced in the United States is grown in the Midwestern states including: Nebraska, Iowa, Illinois, Indiana, and Ohio. This region experienc
demand elasticity in urdu
what is pure competition markets?
what is the type of the firms
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
Isoquants * Assumptions - Food producer has 2 inputs Labor (L) & Capital (K) * Observations: 1) For any level of K, output increases with L. 2) For any
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc
ESTIMATION OF NATIONAL INCOME: In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was fo
which is the following is an example of a firm''s derived demand?
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