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Why government cannot print new currency to pay the debts?
When there is deficiency of internal resources then government borrow. Government can borrow either from central bank (internal sources) or from IMF and World Bank (external sources). But when government borrow from central bank by printing latest notes, the quantity of money in circulation enhances, which leads to enhance in aggregate demand and then in inflation. So, Government has to borrow from external sources, which is another way to solve the queries.
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
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During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
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