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Explain the concept of elasticity and describe why the supply of petrol in the short run is relatively inelastic.
Q. Investment demand of the AS-AD model? Investment demand. As long as we keep nominal interest rate (and thus real interest rates) constant, there is no reason for demand for
A, Explain how a person can be free to choose but his or her choices are casually determined by past event 2 B , Draw the casual tree for newcomb''s problem when Eve can''t perfe
briefly explain any five uses of national income statistics
Since anyone is able to obtain a license, not necessarily the low cost suppliers of archery lessons, and it is not necessarily the individuals with the highest willingness to pay w
Determine the GDP price index for 1984, using 2005 as the base year
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
Subsistence theory of wage determination
Importance of macroeconomics models Using the models we can, for example, analyze what happens when the government increases consumption, when the central bank increases the tar
I am writing a macroeconomics commentary about a supply shock-induced inflation, can I include a shortage diagram I learnt in microeconomics and just change demand and supply to AD
How can consumers become better educated about the products they are considering for purchase? To what extent do you personally go to acquire the best information available?
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