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Why do we still have problem of "unemployment" ? How could we solve the problem? Which one is better fixed or flexible exchange rate of unemployment ?
unplandned change in inventory are coutned as investment spending by firms
Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc
Explain the difference between productive and allocative ( economic ) efficiency. Explanation of productive efficiency, e.g. output at AC minimum Define to the effect th
Suppose that Michael and Dwight each have a $60 weekly entertainment budget. They pay the same prices for two goods, "an evening reading books" (an ERB) and "an evening of beer and
#“Nominal GDP declined between 2008 and 2009, therefore the GDP deflator must also have declined.”
illustrate the effects of a reeal wage existing in the labour market if it is perfectly competitive
What is the present worth of a cash flow that gives you $6 in every time period from 1 to 20 when the interest rate is zero?
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 78 - 2PX. Suppose the government imposes a price floor of $35, and agrees to purchase any and all un
How growth are improved living standards The two main benefits of growth are improved living standards and technological advancement. As an economy grows, the output of
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