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State the both -Cyclical and Classical unemployment Cyclical unemployment Unemployment because of a recession. Classical unemployment Unemployment because of
The graph shows that if policymakers respond immediately to an oil price shock by stimulating aggregate demand, shifting AD to AD* then the level of output will remain constant. Th
Granting a loan: When commercial banks lend, they create money. This can be explained by extending the hypothetical example of Bank
derive the isoprofit functin
If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
Elplain the casual factors of the traditional business cycle and its effects on sectors of the economy
Question : The long-run position of an economy is described by the quantity theory of money: M/P = L (Y, r) Where M: nominal money stock; P: price level; Y: real income a
a) Summarize the basic tenets of the arguments in this case. b) Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed explanations. s
discuss the effect that the activities of a trade union might have on an economy?
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