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Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
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assumptions
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Problem: (a) Distinguish between fiscal and monetary policy, giving examples where appropriate. (b) Explain how fiscal and monetary policies might be used by a government
#quesExamine the expenditure trends over the last 40 years. What are the direction and magnitude of changes in spending in and between these various categories (with the exception
Three factors that determine demand for coffee and tea
What are expansionary and contractionary effects? Expansionary effect refers to the effect of raising the equilibrium level of national income. For example, an increase in gov
Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
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