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Question 1:
a. Discuss the alternative theories of money demand.
b. Highlight the impact of financial liberalization on the money demand in a small island developing economy like Mauritius.
Question 2:
a. Explain the meaning of neutrality of money and classical dichotomy.
b. Discuss Patinkin's ( 1965) proof of the existence of inconsistency and invalid dichotomy in a Walrasian general equilibrium model containing a money market .
c. Discuss Patinkin's ( 1965) solution to make the above model determinate and consistent.
Question 1. Discuss the practical application of Price elasticity and Income elasticity of demand Question 2. Discuss profit maximizing model in detail Question 3. Descr
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tce
Determine the Market demand curve Market demand curve is the horizontal summation of individual demand curves. The individual demand schedules plotted graphically and summed up
What are the significant tools of the perfect competition and the supply curve? Perfect Competition and the Supply Curve: a. In Perfect competition the characteristics of a
Ann owns a lawn-mowing company. She has 400 lawns she requires to cut every week. Her weekly revenue from these 400 lawns is $20,000. Given an 18-inch-deck push mower, a laborer ca
Disadvantages of product differentiation a) Product differentiation generally reduces the degree of competition in the market. It does this in two ways: i.
REGRESSIVE TAX A tax is said to be regressive when its burden falls more heavily on the poor than on the rich. No civilized government imposes a tax like this.
Hawtrey views about Trade Cycle Hawtrey views trade cycle as a purely monetary phenomenon. According to him, inventory cycles result from fluctuations caused in the desired rat
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