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Inflation And Unemployment:
Inflation describes a persistent and an appreciable increase in the general price level. The inflation rate is measured as a percentage change in a price index, such as the consumer price index.Demand Pull Inflation describes a sustained increase in the general price level that is caused by a permanent increase in nominal aggregate demand. Cost Push or Supply Inflation is a situation where the process of increasing price level is caused by increasing costs of production which push up prices.Unemployment refers to a situation where who are willing and able to work do not find jobs at the existing wage rate. For a person to be referred to as unemployed he or she must be qualified for a job, willing to work at the current wage rate and unable to find a job.
what is the theory of second best? prove the theorem with the help of a diagram.
(Cost minimization) a) What are the expressions for the marginal product of every of the two inputs in producing credit hours? b) What is the expression for the marginal r
I have the answers to these two questions, but I need to know HOW to get these answers. Thanks. Question 1 Suppose there are two goods beverage and pizza and two inputs land, T
Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
Environmental pollution may be eloborate as the contamination of the environment, with harmful wastes arising mainly from human activities. All these activities release certain m
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
what is the functions of commercial bank ..
ahmed has 500 dolars.asma has 700 dolars.cismaan has 800 dolar
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