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Define the term- Wages and income Remember that by wage we mainly mean what you receive for working one hour, whereas income is the total revenue from all sources over a longe
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
why is imports subtracted from the expenditure approach
What are the four managerial factors that lead to diseconomies of scale
The following is the information from the national income accounts for a hypothetical country: GDP
What is Purchasing power One problem in using exchange rate when comparing GDP per capita between countries is that is fluctuates quite a lot. A way of avoiding dependence on
casual factors of traditional business cycle and its effects on the sectors of the economy
How much money can banks create? Does this mean that banks can create an unlimited amount of money? The answer is no - that would require them to lend an unlimited amount of m
what is a limitation of nation income
In order to estimate aVAR, alag length must be used in the estimation. There are many different criteria which can be used to signal the ideal lag length to use.Asteriou & Hall (20
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