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P and Y are both endogenous variables and according to the quantity theory of money we need P.Y = constant. If we divide both sides by P we get Y = constant / P. Because Y = Y D i
explain and illustrate how the Lm curve is derived.
To really understand it, compute the following price elasticities of demand: · The price of a laptop increases by 20% and there is a 40% drop in the quantity dem
disuss with an aid of a diagram the kinked demand curve
illustrate and discuss the implications of variou market structures (competitive and noncompetitive) for price determination
Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y
Estimate the cost of expanding a planned new clinic by 20,000ft^2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000ft^2 was $15 million.
There are many ways to measure the national income. a) List at least 5 of themk question #Minimum 100 words accepted#
Given a four sector economy how do you find the budget balanced
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