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Thinking about modifications in the model again: Go back to the original model again, but add a marginal propensity to invest, this is, suppose that I = f ( i and Y). The MPI is defined as ΔI/ΔY and has a positive value. Will this increase, decrease or not affect the value of the government expenditures multiplier? Describe!
PHILLIPS CURVE The Phillips curve, named after A. W. Phillips, describes the relationship between unemployment and inflation. In 1958 Phillips, then professor a
Provide two examples of identity economics other than those given in the article
Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
b) Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.
The Current Account This records all transactions involving the exchange of currently produced goods and services and is subdivided into i. Visibles: A record
Give short answer of following (a) Economics as a science. (b) Engineering Economics. (c) Economic Problem. (d) Meaning and characteristics of utility. (e)
Policies to cure Balance of Payment deficits The measures available to tackle balance of payments deficits include short term measures such as deflation, import controls, dev
what kind of market structure is involved for the sale of medicines and vitamins? explain
WRITE A NOTE ON BREAK -EVEN ANALYSIS IN PROFIT MANAGEMENT
what is line balancing for paper machine?
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