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Identify and explain the evidence for and against the competitive model. Provide specific examples.
Q. Describe classical model of macroeconomics? Though we use the term ‘the classical model' as if there were just one classical model, this isn't quite true. For all the models
what is the impact of interest rate in consumption
Consider the impact of an increase in thriftiness in the Keynesian-cross analysis. Assume that the marginal propensity to consume is unchanged, but the intercept of the consumption
In the long run, imports will most likely be paid for with: a. Aexports. b. The sale of real and financial assets. c. the extension of credit. d. higher domestic unempl
Can growth arise without development? Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, g
DIFFICULTIES IN MEASURING THE NATIONAL INCOME There are some conceptual and statistical problems in measuring national product. Some items are excluded from the national incom
The government in the cross model Net taxes NT(Y) depends positively on real GDP in the cross model In this model when national income increase
Difference between mec and mei.
# ???? .. difference between gdp at market price and nnp at factor cost
why is international trade important for south Africa
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