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Y= C+I+G C= 100,000000+ 0.4yd I= 400,00000 T= 0.2+60m G= 750, 000000 Calculate equilibrium level of income
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
The rise in the price of oil can be traced to a easy factor, but there are various other contributing factors. The easiest explanation is that the demand for oil is greater than
what have you learned from the class
What are forms of price floors to lead inefficiency? Price floors frequently lead to ineffectiveness in the forms of: a. Inefficient allocation of sales in between sellers
Explain how inflation unemployment trade-off is not feasible under adaptive expectation.MEC002
Illustrate the circular flow of income and expenditure according to their models ( classical and keynesian)
COMPARE AND CONTRAST KEYNESIAN THEORY AND CLASSICAL MODEL
Employment Full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic policy. Also the best way to alleviat
HOW INCOME TERMS OF TRADE DIFFER WITH COMMODITY TERMS OF TRADE"
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