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Consider a market for fish whose market demand and market supply for fish are specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively. The government decides to impose a price floor of $50 per ton. What would be the resulting market distortion?
Roles of government in controlling market forces under neoclassical view
Q. Explain the long-run Phillips curve? The long-run Phillips curve The augmented Phillips curve has an important consequence: the long-run Phillips curve must be vertical
what are the causes of inflationary gap
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With the aid of a diagram explain the Philip''s curve
Q. Relation between nominal and real interest rate? Relation between nominal interest rate, real interest rate and inflation If we signify the nominal interest rate by R
You have been invited by world leaders to be part of a team of international economists selected to make recommendations on how the international community might work together more
What is the relationship between deposit multipier,Credit Multiplier and Deposit multiplier?
Suppose there are two investors. One has a project to build a factory; the other has a project to visit casino and gamble on roulette. Which investor has a greater incentive to iss
definition, argument to protectionism and argument against protectionisms
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