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The price level is the monetary value of a good or service.
THE MULTIPLIER ANALYSIS Multiplier analysis explains what happens to circular flow of economic life when the behavior of one of the sectors or the components of aggregate dema
How can we answer in Economic terms this questions: Why should the government consider to increase tax on cigarette
1a. Show on the market for milk the effect of the introduction of BGH (bovine growth hormone). 1b. Show on the market for cheese the impact of what happened in the milk market.
explain with illustration the meaning of credit creation in commercial banks
DIFFICULTIES IN MEASURING THE NATIONAL INCOME There are some conceptual and statistical problems in measuring national product. Some items are excluded from the national incom
circular flow of income in a single sector,two sector,three sector and four sector
Changes in Money Market Equilibrium A shift in either the supply curve for money or the demand curve for money will alter the equilibrium position in the money market (and the
Introducing the Foreign Trade Sector Most economies in the real world are open economies. They engage in trade with other economies. Goods and services are exported and import
HOW INCOME TERMS OF TRADE DIFFER WITH COMMODITY TERMS OF TRADE"
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
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