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You decide to buy a home for $1,000,000. You approach two banks for financing. The first requires a 10% down payment and requires monthly payments on a 20 year mortgage sufficient
Consider the utility function u(x1, x2) = x1x2. (a) Graph the indifference curves for utility levels 1 and 2. (They are symmetric hyperbolas Asymptotic to both axes). (b) Graph the
how do i calculate how much the gorverment should spend if the MPC is 0.8 and 200million is requered to reach full employment ?
tax be cut as the main policy target
We define marginal product of labor, MP L as the derivative of f with respect to the L - which is, as (approximately) how much Y will increase when L increases by one unit. We als
Money is anything which is acceptable in settlement of a debt. But, paradoxically, the main asset used to settle debts in modern economies is other debts. After all, bank deposits
Define the term - Productivity Productivity is the concept which measures how outputs can be maximised from given inputs. In factories labour productivity is normally calculate
what is money multiplier? what is role , importance, advantages , disadvantages , limitations and examples of money multiplier?
what is the meaning of the statement ''money is not merely a veil or wrapper''?
how does government regulate externalies
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