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Who is considered unemployed?
Discretionary fiscal policy will stabilize the economy most when: A.) deficits are incurred during recessions and surpluses during inflations B.) the budget is balanced each year C
link of monetary account with other sectors and its meaning
The Government, Rest of the World and the financial markets total expenditure of government can be divided into two parts: transfers to private sector and consumption.
In what major way do the Microsoft and Standard Oil cases differ?
Money is anything which is acceptable in settlement of a debt. But, paradoxically, the main asset used to settle debts in modern economies is other debts. After all, bank deposits
what is Y = C(Y,T) + G + I(r)
what would be effect of fiscal and monetry policy on price and output level if meges are flexible and rigied?
difference between gdp at market price and nnp at factor cost
Q. Show the example on IS-curve? Figure We can explain this argument with the above figure. 1. Start by identifying R 1 and R 2 in lower graph. 2. Draw aggr
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