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Explain the trade-off between equity and efficiency. Identify how individuals and organizations are likely to change their behavior as a result of government actions.
Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion. 1. Potentially, how much will real GDP increase in the short-run after the inc
Q. Illustrate the Says Law? With Say's Law, aggregate demand would always be equal to aggregate supply and cross model would be incorrect. Keynes's argument as to why Say's
Use the distinction between the charasteristics of private and public goods to determine whether the following should be produced through the market system or provided by the gover
What is the study of economics about?
full overview as-ad model
What are the different stages of analysis in planning activities?
Q. Demand for money and GDP? The demand for money also relies on the GDP as GDP is closely associated to national income. If you choose to hold a fixed proportion of your wealt
What was the classical models
if govtment face cost push inflation which policy govtment should take to control inflatoin?
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