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explain the profit maximizing/loss minimizing rule may be applied under the 3 scenarios
The AS-AD model with inflation When we remove assumption of constant prices to allow varying real wages. Resulting model was known as AS-AD model. Similarly we now remove the a
Moving along a demand curve, quantity demanded decreases 8 percent when price increases 10 percent. a. The price elasticity of demand is calculated to be____________ b. Given the
law of indefference curve
provide data and analysis for the real GDP (as total and per capita) and its growth rate then draw a graph and identify the periods of the Malaysia’s business cycle 2007 -2011
1 (a) List two concerns with inflation. (b) Suppose that we are in a condition of fully flexible prices, but production of nails will not go above 200 chairs/month. What price w
comparison between neoclassical factor endowment theory of international trade and classical labor cost theory of comparative advantage
y=vk ?k=s*f(k)-(?+n)k saving rate 28% population growth of 1% Have y persistent size s, n, g and ?function
# ???? .. difference between gdp at market price and nnp at factor cost
#“Nominal GDP declined between 2008 and 2009, therefore the GDP deflator must also have declined.”
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