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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.
merits and demerits of international trade
How does the BLS classify people who are "not in the labor force," and what people are often in this category? If an individual surveyed (that is, who is age 16 or over and no
the sources of market failure
causes of monopoly
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
The circular flow diagram is used to represent the interdependence that exists between sectors of the economy. The diagram illustrates that there are various collections of same e
Look at a recent copy of a newspaper . a. What is the top economic news story? With which of the big questions does it deal? (It must deal with at least one of them and might d
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
What are the income and cross elasticities of demand? Why might they be useful? Explain.
explain two theories of economic rent
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