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In calculating the GDP national income accountants:
The equilibrium interest rate is determined
The hypothetical information in the following table shows what the economic situation will be in 2015 if the Fed does not use monetary policy: Year Potential GDP Real GDP Price Level 2014 $15.2 trillion $15.2 trillion 110.0 2015 $15.6 trillion $15.8 trillion
State the Law of supply and explain the factors that affecting supply of commodity
Firms which serve customers who vision the firm’s output as perfectly substitutable for the outcomes of huge numbers of other firms confront: (i) Horizontal (that is, perfectly price elastic) demand curves. (ii) Predatory pricing from greater mo
Mold which destroyed the hamburger crop following a flood would be most probable to slash the demands for: (1) Fried chicken with mashed potatoes and gravy. (2) Soda pop and water. (3) Cucumbers, carrots, and egg plant. (4) Mustard and ketchup. (5) Tofu and sushi.
Please brief the knowledge what is long run supply?
What do you understand by the term Price (P) at Market in Economy?
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
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