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Marginal propensity to SPEND refers to: a. a nation's additional spending on a good per an additional unit of expenditure. b. a nation's additional consumption based on a unit increase in income. c. a nation's additional spending based on a unit of trade revenue. d. a nation's willingness to pay for various goods and services. Please give a brief explanation on your answer.
What is The law of comparative advantage The law of comparative advantage, though, suggests that it would be unwise of UK economy to try to replicate German model. First German
What do I calculate with quantity of each good produced, to find the Real GDP?
Currently you purchase 6 packages of hot dogs a month. You will graduate from college in December, and you will start a new job in January. You have no plans to purchase hot dogs i
Q. Define market for overnight loans? The market for overnight loans Overnight interest rates are rates for loans over a single night - these are the shortest of all inte
Explain determination of national income using aggregate demand-aggregate supply and saving-investment methods for a three sector economy.
Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
What are UN Millennium Development Goals? The UN Millennium Development Goals (MDGs): These are a set of objectives shared through the IMF, the OECD and the World Bank (WB)
what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance
what is phillips curve
COMPARE AND CONTRAST CLASSICAL MODEL AND KEYNESIAN THEOTY
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