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describe how open market policy can be used to stimulate economic activity in the country
The aggregate demand curve shows the combinations of the price level and the level of output at which the goods and money markets are simultaneously in equilibrium. Let us now go o
explain the terms abnormal profits and normal profits
State in brief the Nominal wage level In macroeconomics, we are generally not interested in the wage for a specific individual though in the average wage for all employed indi
what is the role of advertising in baumol''s model?
money demand = 3500 - 250i what is the interest rate present if the money market is in equilibrium
Q. Describe Exports and imports in AS-AD model? Exports and imports. This is more difficult to justify owing to exchange rate. Suppose that we have a flexible exchange rate a
Q. Characteristics of endogenous growth theory? There are many different explanations for technological progress. Most of them, though, have many common characteristics:
what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth
Tariff Reform: India's customs tariff rates have been declining since 1991. The "peak" rate came down from 150 percent in 1991-92 to 40 percent in 1997-98. The downward mom
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