economic growth model
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
Economic systems differ according to which two main characteristics?
Reallocation of resources: In case, the market economy fails or does not attain the desired social objectives, the government has to interfere via budget and reallocate resources accordingly. Through its budgetary
What relationship does the MPC bear to the size of the multiplier
Government tax and transfer payments generally
Question: Some commentators have argued that the failure of the "Supercommittee" is good thing for the economy? Do you argree? Answer: Q : Steps to analyze modifications in What are the Steps to analyze modifications in equilibrium?
What are the Steps to analyze modifications in equilibrium?
What is meant by the term business cycle as described by economists?
What is Demand schedule and how it is associated to demand curve?
Does a surplus of AD over AS always entail a condition of inflationary gap? Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employmen
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