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Surplus
The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction in price to restore market equilibrium in the short term.
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Briefly discuss the components of macroeconomics system with suitable explanation
The Hypothesis of Rational Expectations : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in addition, explici
Seaports and Airports: Seaports India has 12 major ports and about 185 minor ports over its coastline spread over 7,000 kms. Major ports are managed by the Central Government
Instructions to Students 1. Answer all the questions, using economic models where appropriate. Begin a question on a new page. 2. Please attach a copy of the assignment cove
friedman and savage hypothesis
What is the difference between change in quantity demanded and change in demand
An ole firm can use its own data of past years regarding its sales in past years. These data are known as time series of sales. A firm can predict sales of its product by fitting t
according to Tobin 1993,examples of Keynesian unemployment includes situation where
New developments
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