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NEW CLASSICAL BUSINES CYCLE THOERY: Yang, Xioaokai, Economics: New Classical versus Neoclassical Frameworks, Oxford: Blackwell Publishers. The book goes on to rigorously dev
graphical illustration describing the influence of an increase in immigrants on the market supply of labour
Prove the theory of second best with the help of a diagram
prefrence towards risk the demand for risky assets,
determination of optimal solution mathematical presentation
Plot the demand schedule and draw the demand curve for the data given for Marijuana
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
CHARACTERISTICS OF ECONOMIC INFRASTRUCTURE: Natural monopoly is the situation where the provision of a good or a service has economies of scale, which are realised most when a
A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many point
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
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