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Unemployment: Individuals who want to be employed, and are actively seeking work, but can't find a job, are considered ‘officially' unemployed. Individuals who aren't working, but not actively looking for work, are considered to be outside of labour force, and thus don't count as ‘officially' unemployed.
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how to define or interpret ppc curve
(a) Describe the different types of inflation in a country. (b) Describe the trade-off between inflation and unemployment, using appropriate diagrams. (c) Mauritius has bee
inflation and policies that are used to combat it
The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200
Explain the micro and macro economic issues that can be represented on the PPC
Tc and TVC curves have an inverted s-shape
What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
explain how a perfact market responds to changes in consumer demand?
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