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What are Harrod-Domar assumptions?
The H-D (Harrod-Domar) model assumes as:
• Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist therefore each successive unit of investment is less productive and the capital to output ratio increases.
• Fixed savings ratio
• A closed economy. Within open economy, extra incomes may be utilized to buy imports as well as not saved.
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I thought I was getting an automatic answer
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How much power or influence does a U.S. President versus a CEO actually have when it comes to job creation or the choice to manufacture company goods in a foreign nation?
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Consider a Bertrand duopoly. The market demand is q=190-p. Consumers only buy from the firm whose price is lower. If two firms charge the similar price, they share the market equal
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