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Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
is a hotdog vendor''s stand a good example of diseconomics of sale?
how microeconomic issues maybe represented using production posibility curve
Natural Rate of Unemployment: According to neoclassical economics, wage rate is determined by a process of labour-market clearing (in which employers and workers compete with each
if a commodity has limited demand , should economist say that we still have a scarcity ?
Problem 1: The last half-century has witnessed major changes in the role that governments of developing countries have played, especially in terms of public spending. (a) Ex
The Hypothesis of Rational Expectations : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in addition, explici
Solve equation P=200-Qs and Qs=4.5p +5
Problem 1: (a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory. (b) Show the relevance of such models in explain
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