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Q. Describe Exports and imports in AS-AD model? Exports and imports. This is more difficult to justify owing to exchange rate. Suppose that we have a flexible exchange rate a
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
what are the objectives of the determinants of investments
This paper empirically analyses the effect of oil price shocks on key macroeconomic indicators in the United Kingdom.The aim of the paper is to establish a relationship between oil
Comparative if Person can make 15 wristbands and hour and 3 potholders. What is the comparative advantage? If same person works 20 hours a week graph the possible combinations sh
Questions: Search through newspapers for ONE article that is relevant to the economics concepts. You are also required to attach the article to your final report
define business cycle
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Marginal Propensity to save (MPS) is the ratio of change in total saving to change in total disposable income. Symbolically, MPS = ?S/?Y For example, total
Factors Responsible for changes in Aggregate Supply We know that changes in input costs such as wages, oil and other input prices will cause changes in aggregate supply. Most
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