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Problem 1:
(a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates.
(b) In the rule versus discretion literature, explain how dynamic inconsistency might lead to costly outcomes for the economy as a whole.
Problem 2:
(a) To what extent would expansionary monetary policy help to curb an economic crisis? Explain.
(b) Analyse and explain the dilemma of the monetary agent who tries to be conservative in financing fiscal deficits in an attempt to ensure price stability at least in the short run.
what are the Sources of public debt
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
Perfectly Inelastic (Zero Elastic) Supply Supply is said to be perfectly inelastic if the quantity supplied is constant at all prices. The supply curve is a vertical straight
what is objective
Q. Concept of economies of scale? Economies of scale refers to the cost advantages that a business attains because of expansion. 'Economies of scale' is a long run concept and
factors influencing the demand for dove soap
We can analyse the equilibrium of a firm under Perfect Competition in both the long run as well as in the short-run. SHORT RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION
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Compare the price elasticity at two parallel demand curves at a given price. This has been explained in Fig above where two demand curves AB and CD are given that are parallel to e
Determine the studies of Managerial economics Managerial economics studies the application of techniques, principles as well as concepts of economics to managerial problems of
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