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First, explain the concepts of income, wealth and money and show how each is related to the other. Next, explain the concept of the monetary base and indicate its economic significance. Do you think that, for monetary policy purposes, the Bank of Canada (Canada's central bank) should control the monetary base or bank reserves? Explain carefully.
If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
relationship between tfc , tvc , tc
what are the pricing policies
optimal use of variable input
In the model with utilities W i = c i + α ln(x i ) where individuals are endowed with ability levels w p m R and form fractions π p , π m , π r with π m > π p , π r
Demand
what are the major socio economic problems of India which hamper the growth and development
QUESTION (a) Explain and evaluate the rational expectations theory. (b) What is the major argument of the supply side economists in relation to taxation policy? How is it di
QUESTION ICT tools are deemed to present considerable opportunities to support a nations' sustainable development. The potential of e-Government in developing countries however
QUESTION (a) "There is always an inverse relationship between price and quantity demanded of a good." Discuss. (b) Explain with appropriate diagram(s) the different factors
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