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Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on investment projects underlie 'the marginal efficiency of capital' schedule However, the volatile nature of these expectations plays a major role in explaining why investment expenditure and therefore output and employment in miarket econornies are subject to fluctuations.
Income Elasticity of Demand is described below: Income elasticity of demand is the percentage change in the quantity demanded/required with respect to the percentage change in
Explain about the determination of equilibria. Determination of Equilibria: The fourth step for studying an economic step is to make trade-off choices and find out the be
implication tructures of various market structures for price determination
characteristics and models of oligopoly by Sweezy,cournot and edgework
#i need more light about it..
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
what is the south africas governments standpoint on international trade
discuss the significance of paration research
Solve equation P=200-Qs and Qs=4.5p +5
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
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