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The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations.The econometric model techniques is known also as simultaneous equation methods and complete system approach to forecasting. This techniques uses mathematical and statistical tools.
Meaning of absolute cost difference and comparative cost difference.
Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person. Indifference Curves 1. Indifferen
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic s
Is there a trade-off between inflation and unemployment? The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those mar
what is the theory of supply
how does the program food stamps work????
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
Manpower-Population Ratios In this technique, manpower will not be planned for the economy as a whole. It will be planned for sectors or sub-sectors of an economy. For instanc
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
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