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Q. Explain how an increase in government spending would affect the DD-AA schedule in the short run. Answer: A raise in government spending will raise aggregate demand, which wi
Q. Using figures for both the short run and the long run, show the effects of a permanent increase in the U.S. money supply. Try to line up your figures to the short and long run
describe the U.S role in the world economy
Q. Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant. A raise in
Explain the law of demand. Briefly discussed the exception to the law of demand
critically examine the effects of tariffs on the level of employment and income distribution.
defination, types
Q. What explains the sharply divergent long-run growth patterns? Answer: It lies in the political and economic features of developing countries and the way these have
What is trade under decreasing opportunity cost?
how is exchange rate determined?
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