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Positive and normative economics -introductiion Economic theory or analysis evolves from basic propositions about how individual human beings (or individual economic units) beh
Explain clearly the liquidity preference theory of interest propounded by j.m.keynes
Consider an economy with the following characteristics: i. The price-level is fixed ii. The economy is closed (Exports - Imports = 0) iii. Government spending (G) and Inve
The price level is the monetary value of a good or service.
Q. Classical model and the long-term Phillips curve? In classical model, L and real wage are determined from equilibrium conditions in the labor market. L and W/P, hence, are o
Suppose the own price elasticity of demand for good X is -5, its income elasticity is 2, its advertising elasticity is 4, and the cross-price elasticity of demand between it and go
link of monetary account with other sectors and its meaning
Why law of demand does not hold in pakistan
By what percentage did the price level, as measured by this index, rise between 1984 and 2005?
What are the pros and cons of outsourcing in order to keep prices down?
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