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Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates believe that unemployment can't be reduced below a certain level without sparking a continuous acceleration in inflation. Contrasting the original natural rate theory, though, NAIRU doctrine doesn't strictly define this position as "full employment." Policy prescriptions of the natural rate and NAIRU theories are practically identical (namely, don't try to reduce unemployment through demand-side measures, however as an alternative attack unions and minimum wages to allow labour markets to function more ‘efficiently').
Depreciation T ax Shield The decrease in corporate income taxes suitable to the deductibility of depreciation from the firm's taxable earnings. Although depreciat
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Theory of revenue
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1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
explain 6 factors that determine volume of production
Poverty: A state of having inadequate income or other resources to support a household (or group of households) at a basic standard of living. Poverty can be measured in absoluterr
When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g
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Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil
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