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Q. Strength of the multiplier in microeconomics?
Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a larger final increase in total spending, production and employment in the economy. This magnifying effect is known as multiplier. The strength of the multiplier relies on many factors, including type of initial spending, the importance of imports in spending and amount of unused capacity that initially existed in the economy.
Deviation from ideal gas behavior The Van der Waal''s Equation This is observed, deviations from gas laws are high under high pressures & low temperatures. The Van der Waal suggest
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What is Demand Forecasting? Explain in brief various methods of forecasting Demand.
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Elasticity of Price Expectations (epe)
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#question.Question: Answer all parts (a, b, c, d, e & f). Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L,
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What is Diverstification?
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
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