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Q. Explain the classical growth theory? Production function won't provide us with a theory or explanation of growth. It's only a convenient tool that helps us breaking down gro
ABSOLUTE ADVANTAGE
Explain determination of national income using aggregate demand-aggregate supply and saving-investment methods for a three sector economy.
In 1 to 2 sentences respond to the following comment. "Pollution restrictions will reduce gross domestic product and therefore hurt the economy."
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how useful is national income statistics for indicating living standards
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Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Unemployment rate 5.60 % Participation rate 62.50
The IS-curve in the AS-AD model The IS-curve is not affected by P in the AS-AD model We can define an IS-curve in the AS-AD model similarly to
what is static and dynamic multiplier in keynesian theory?
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