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what have you learned from the class
Can you think of examples where the government does not intervene enough when it comes to consumer safety and product information? Examples where too much intervention is the case
Diagramatic explanation of pareto optimality
Q. Show the Destruction of capital? Destruction of capital, for instance, through a war, works in the opposite way. Marginal product of labor falls, GDP per capita falls and po
Effective Demand The concept of effective demand is the logical starting point of Keynes Theory of Employment. Effective demand manifests itself in the aggregate expenditure of
THE GOALS OF MACROECONOMIC POLICY Economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt with. It is, therefore, indispens
You are given the following information about an economy: Gross Investment = 40 Govt. purchases of goods & service =
what is the use of national income statistics as an indicator for a country''s standard of living?
1 ) GDP Consumption 240 244 250
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