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Unemployment:
Unemployment refers to a situation where people who are willing and able to work do not find jobs at the existing wage rate.For a person to be referred to as unemployed he or she must be qualified for a job, willing to work at the current wage rate and unable to find a job.
The price of oil increases because OPEC reduces oil production
4 models
Relation between TP and MP: Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure. See that
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
definition
What are constant returns to scale? Constant returns to scale: A constant return to scale (CRS) implies that doubling inputs precisely double outputs, which is frequently a
I can''t figure out how to graph the aggregate consumption function and the aggregate saving function
what are tne methots of demand forecasting ?
what is marginal costs?
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