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What are the costs of economic growth?
Economic growth can result also into:
• Increases within pollution noise and congestion
• Unnecessary depletion of non-renewable resources
• Loss of traditional methods of life in between indigenous minorities
• The advantages of growth between income groups and regions might be uneven leading to a raise into relative poverty. Therefore income inequalities may extend
• The structural change related with economic can be important and fall disproportionately on such least capable to adapt for example, dependents, unemployed and the poor.
Process to control inflation rate The belief that control of inflation must be the primary economic objective of government can be traced back to neo-liberal revolution that st
process to calculate gross domestic product We just include finished goods and services - which is, anything that is sold directly to consumer. Electric power sold to a steel m
Crowding out would most likely occur when: A. the Congress enacts budget cuts to balance the budget. B. workers lose jobs as a result of anti-inflationary fiscal policies. C. the f
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
what is GDP
Explain whether the following statements are true or false: a) The long run aggregate supply curve is vertical because economic forces do not affect long run aggregate supply.
You are the manager of a firm that receives revenues of $50,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -3,
Are unions “harmful monopolies” or "necessary?" compare and contrast the schools of thought that subscribe and their point of views?
Suppose the demand for guitars in State College is given by Qd = 9000 - 12P where Qd is the quantity demanded, and P is the price of guitars. Also, suppose the supply of guitars is
describe how open market policy can be used to stimulate economic activity in the country
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