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1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
1. Why does inflation make nominal GDP a poor measure of the increase in total production from one to the next? How does the U.S' BEA deal with the problem inflation causes w
Modem theories of trade
Suppose that nominal interest income is taxed at a rate of 30%. Calculate the before-tax real interest rate and the after-tax real interest rate if the nominal interest rate is 6%
2) Proctor & Gamble (P&G)
What is the difference between change in quantity demanded and change in demand
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,
Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru
price elasticity of demand any 2 commodities
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