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ORDINAL THEORY: INDIFFERENCE CURVE APPROACH In indifference curve approach consumer is assumed to be rational, so that consumer's objective is to maximise her utility by choos
whwt is the difference between the fixed accelerator and the flexible accelerator theories of investment?
Illustrate the three approaches of measuring national income? Show that these three approaches give identical result. Explain private saving. How is the private saving used
list and discuss the major markets and four agents in the circular flow economic?
Another area where monetarists differ from Keynesians is money supply and interest rates. In the Keynesian analysis with less than full employment level equilibrium, the interest r
Debate between New Classical and New Keynesian economics?
What is the difference between the short-run framework and the long-run framework? Discuss how each relates to supply and demand.
Which of the following would indicate the beginnings of an expansion of the economy? a. Fewer new firms are started. b. Stock market prices decline c. Consumer confidence improves
Gross Domestic Savings Income not devoted to current consumption is saved. In an economy during a particular year some units will consume less than their income while some wil
reason why the change in equilibrium of output is greater than the change in initial invest ..
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