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QUESTION
(a) What are the causes of inflation in an economy?
(b) Discuss the policy implications that the central bank will implement if there is excess liquidity in the market.
(c) Explain the different types of unemployment that exist.
(d) Explain the trade-off between inflation and unemployment.
The amount of a good or service that a consumer is willing and able to buy at each particular price
The Basic assumption which underlay the government of international economy has been that the economies of the world would converge around a capitalist model. The details of such a
what is nature of elasticity?
What is the function of Non-Government Organisations, within the promotion of development? Advocates argue NGOs (Non-Government Organisations): • Hold DCs accountable for e
QUESTION Write detailed notes on the following: (a) Activist and non activist monetary policy debate. (b) Optimality of Policy Rule compared to discretionary monetary pol
What is the definition of land productivity?
QUESTION (a) Explain the real business cycle theory. (b) Using appropriate diagrams differentiate between inflationary and deflationary gaps. (c) Differentiate between th
Net exports normally decrease with the effect when aggregate output decline. When a concretionary fiscal policy is implemented net exports will go up . When government maintain the
explain how a price disciminating monopoly increases profits
Problem 1: (i) Assuming a Cournot duopoly where the market demand is estimated as: P = 100 - Q The marginal cost is estimated to be constant at Rs. 10 for the two fir
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