EQUILIBRIUM GDP
WHAT IS THE CHANGE IN EQUILIBRIUM gdp CAUSED BY THE ADDITION OF NET EXPORTS?
Explain with examples the reasons for exceptional demand curve
Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
The demand for a resource will increase if the
Include graphs and should be 15 pages long
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
I help with part 2 and the 4 part question.
Economic systems differ according to which two main characteristics?
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
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