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Explain the micro and macro economic issues that can be represented on the PPC
Distinguish demand pull, cost push and imported inflation using graphs where appropriate. What are the likely causes of current inflation in Australia? Answer Co
explain how macro and micro issues may be represented using production possibility curve
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Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of
8,000,000 people in the population who are 16 yrs of age and older. 80% are willing to work. Currently 10% unemployment rate. a. how many people in labor force? b. How many are un
what are the weaknes of consumer behaviour
What is optimal choice of consumer according to consumer behavior? Consumer's Optimal Choice: In the fundamental problem of preference maximization, the set of affo
What is What is Critical Temperature? Why Critical Temperature is Specified in Equation? Describe critical temperature specification...
elasticity concept in policy formulation
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