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What simplifying assumptions does the traditional macroeconomic model make (in addition to those made in the NIPA)?
The simplifying assumptions are:
1) The household and institutions sector having only households.
2) Only the business sector invests; the household and institutions sector and the government sectors are supposed to only consume
3) Only the business sector produces
Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
explain the various marginal uses and limitations of break even poin?
#question.i need help.
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
in aid of a diagram explain the concept of diminishing returns in production
Neoliberalism So much thinking about the proper role of government in economic growth over the past 2 decades has tends to conclusions which are today known as neo-liberal. The
what is discounting principle?
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
what is the theory of second best? prove the theorem with the help of a diagram.
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