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Assume the United States has the following consumption information: GDP = Income Consumption
what is a wage? and the difference between real and nominal wages giving examples?
Index number formulas
how to relate macro economics theories with current indian economy
DETERMINATION OF FACTOR PRICES BY SUPPLY AND DEMAND Let us suppose that perfect competition prevails in the goods and the factor markets. In such a situation let us see how th
Is the natural rate of unemployment fixed? Why or why not? How are full employment and the natural rate of unemployment related? Is the actual rate of unemployment currently greate
how to calculate it
In a Poisson distribution U=4. A) What is the probability that X=2? B) What is the probability that X is 2?
5. In this question you should assume that the Marginal Propensity to Consume out of permanent income is one [i.e., no bequest motive + perfect consumption smoothing: c1, = c2 = c
Briefly explain if you agree with the following statement: If interest rates rise, bonds become more attractive to investors, so bond prices rise. Therefore, when the interest rat
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