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Using the PPC show what is meant by the law of increasing opportunity cost and explain (state) why that law exists. Why is that law important when deciding whether or not to watch one more hour of TV the night before the test?
Macro Economics 1. How was the Classical Theory of interest role criticized by Keynes? 2. Illustrate the barter system that was used in early times in lieu of money. 3.
what effect would a rise in the velocity of money have on output, employment and price level?
What is the formula for consumer price index?
Q. Illustrate the Says Law? With Say's Law, aggregate demand would always be equal to aggregate supply and cross model would be incorrect. Keynes's argument as to why Say's
. (40 points) Consider two consumers, A and B. A and B both want perfect consumption smoothing (c = cf) and both have no current wealth. However, the two consumers have different i
BENEFITS OF GDP
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes. explain the impact of these
What do I calculate with quantity of each good produced, to find the Real GDP?
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
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