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In the short run, the discrepancy between actual and expected price level causes changes in output and employment. But in the long run, if all other things remain constant, the hig
How growth are improved living standards The two main benefits of growth are improved living standards and technological advancement. As an economy grows, the output of
In 2010, Wonderlanders consumed 15 million liters of rum at an average price of $5 per liter. The Wonderland department of commerce has estimated that the price elasticity of the d
Ask question #impotance of capital output ratio#
In a ___________ exchange rate system each trading nation is impacted directly by the supply and demand for their currency. A) Fixed B) Dirty C) Floating D) Clean
nature, development and function of money.
How do you figure out the answer to this question: You are a student at a university. You pay $8,000 per year in tuition, $5,000 per year in living expenses, and $1,000 per year fo
Calculating interest rates on a yearly basis If maturity is different from one year, interest rate is generally recalculated to a corresponding one year rate. For instance con
what is automatic stabilizer, example with diagram or graph please
COMPARE AND CONTRAST KEYNESIAN THEORY AND CLASSICAL MODEL
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