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Real Interest Rate: Interest rate on a loan, adjusted for rate of inflation. Real interest rate represents real burden of an interest payment. Real interest rates should be positive for lender to obtain any real income from the loan.
explain bains model of limit pricing
Briefly explain the main macroeconomic objectives of governments. Definition of macroeconomic issues Growth a) Enhance in national income per unit of time, a
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con
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given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
using the marginal utility approach, discuss how economic theory explains the optimum pattern of consumption for an individual consumer. consider how far this analysis can explain
unique product
What is a negative externality?
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
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