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An economy's IS and LM curves are given by the following equations: with Y indicating output (income), c indicating the marginal propensity to consume, I investment, G gove
What do I calculate with quantity of each good produced, to find the Real GDP?
Fiscal policy is the program of government’s with respect to the amount and composition of (i) expenditure: the purchase of commodities and services, and spending in the form of su
#questionKeynes liquidity Preference theory stipulates that money demand is negatively related to current income and positively related to interest rate..
The rate of interest in the UK also showed very interesting results, to an impulse shock on oil price. The middle left graph from Fig 4.4 shows the results. Initially, in the short
factor contribute long run trend of term of trade in developing country
Index number formulas
Q. Describe the macroeconomic variables? In this section we have summarizes all the macroeconomic variables. The first column denotes the symbol we use for variable whereas col
If you take nations total income and subtract out private consumption government consumption what you will find?
how the demand of pizzas in pizza hut affecting the market of fast food
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