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Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
explain the nature and scope of economics.
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
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Policies for Technological Advance Without better technology, increases in capital stock generated by investment rapidly run into diminishing returns. And without improvements
economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?
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