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# ???? .. difference between gdp at market price and nnp at factor cost
the circular flow of income in an governed economy
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
Determine the categories of finished goods Finished goods in the goods market are divided into 4 categories: private consumption going to private sector, public consumption for
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Explain how inflation unemployment trade off is not feasible under adaptive expectations?
Granting a loan: When commercial banks lend, they create money. This can be explained by extending the hypothetical example of Bank
What are the three methods that societies have used to allocate their scarce resources? Give an example of each method. Give an example of a good that uses all three methods at onc
what is the role of advertising in baumol''s model?
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