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short run equilibrium of the industry
What are the steps of the basic analytical framework in Modern Economics? Framework is very significant to master this fundamental analytical framework, particularly, these fiv
Explain the detail central problem of an economy?
What does Keynesian consumption function say about tax cuts
Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
What is the expected profit?
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Arbitrage pricing theory is between one of two influential economic theories of how assets are formed or priced in the financial markets and the other model is the capital asset pr
argument against in favour of traditonel theory profit maximisation
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