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Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
discuss.
Explain a circular flow of income in a frugal econmomy with diagram
Q. Illustrate the Says Law? With Say's Law, aggregate demand would always be equal to aggregate supply and cross model would be incorrect. Keynes's argument as to why Say's
use a graph of the classical labour market to illustrate the effects of a real wage existing in the market that is lower thhan the equilibrium real wage
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