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The Hypothesis of Rational Expectations : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in addition, explici
The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
Program Spending: Government spending that is undertaken to provide useful public programs. Program spending includes both transfer payments which are intended to supplement the in
Is Indian companies running a risk by not giving attention to cost cutting
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
would a rational producer be concerned with the average or marginal product of an input in dec
describe returns to scale and give examples of each.
explain the relationship between scarcity,choice and opportunity cost
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