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Challenges to the American Labor Force
illustrate the effects of a reeal wage existing in the labour market if it is perfectly competitive
define production function output effect?
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
Q. Explain the classical motivation? The classical motivation: Consumers want to smooth their consumption over time. In good times, consumers know that it is a temporary stat
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
Consider the following macroeconomic model: Y = C + I + G + NX C = 100 + 0.8 YD I = 300 - 1000 i NX = 195 - 0.1 Y - 100 (E.R.) E.R. = 0.75 + 5 i M = ( 0.8
The price of gasoline has recently come down as has the quantity. Show graphically and explain what might have caused this.
what are the causes of inflationary gap
At first, it may seem obvious that consumption will rely on Y. If GDP is doubled in real terms over a number of years, government consumption, private consumption and investment wi
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