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the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
Explain the meaning of a production possibilities curve
the production of 200 units of consumer goods and 300 units of capital goods : a) indicates full employment b) may be a result of unemployment c) may be impossible for now d)
Rewrite the national-income model (3.23) in the format of (4.1), with Y as the first vari¬able. Write out the coefficient matrix and the constant vector.
Government and Price-Determination can be understood as follows: The government might intervene in the market and mandate the maximum price (price ceiling) or the minimum price
Suppose you have the following information about a closed economy: C = 50 + 0.80 (Y-T) I = 200 G = 100 a) Find out the equilibrium level of income. b) Suppose G in
multiplier static and dynamic
Q. Explain about Phillips curve ? The Phillips curve According to traditional Phillips curve, there is a negative and stable relationship between unemployment andwage in
Explain determination of national income using aggregate demand-aggregate supply and saving-investment methods for a three sector economy.
1) Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
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