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When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first?
The rest of the world in the cross model Imports Im(Y) depends positively on Y in the cross model In the classical model, imports doesn't depen
how can we derive IS curve why has it negative slope
Granting a loan: When commercial banks lend, they create money. This can be explained by extending the hypothetical example of Bank
Q. Interest rates and inflation? Assume you have 1 million on 1st January 2008. A basket of services and goods similar to the CPI basket costs 100,000. You can then purchase ex
Consider the following model of an economy that begins in a macro equilibrium,
complexity theory elements
Consider the following homogenous difference equation: xt=b0+b1xt-1 a) Iterate backwards xt can be written in terms of xt-2. b) Now show xt can be written in terms of xt-3 a
Critically examine the statement that privatization can always decentralize economic power.
Which of the following is a reason why the aggregate demand curve slopes downward? a. At a higher price level, fewer goods and services are available. b. Periods when the price lev
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