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The government notices that there is an output gap and decides to increase government spending with a stimulus package of $4 trillion in hopes that it will spur growth and stop une
difference between absolute advantage & comparative advantage theory
why is the point outside the production possibility curve(PPC)called unttianable
explaination of quasi rent theory
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Q. Explain about Capacity Utilization? Capacity Utilization: A company or economy's capacity represents maximum amount of output it can produce. Rate of capacity utilization, h
What are expansionary and contractionary effects? Expansionary effect refers to the effect of raising the equilibrium level of national income. For example, an increase in gov
implications of market structures on price determination
What are the economies and diseconomics of scale?
when total production fall what,s the status of average product and marginal product
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