What are the facts of inflation
What are the facts of inflation?
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1. In the past, deflation has been as much a problem as inflation. For example, the 1930s depression was a period of declining prices and wages.
2. All industrial nations have experienced the problem.
3. Some nations experience astronomical rates of inflation (Angola’s was 4,145 percent in 1996).
4. The inside covers of the text contain historical rates for the U.S.
Explain the volume and pattern of U.S. and World Trade?
Illustrate a fundamental characteristic of demand behavior?
Give a brief introduction of the term Operating Leverage?
What do you understand by the term internal rate of return?
Briefly explain the term Operating Leverage?
Give a brief introduction of the term Timing Principle?
Illustrate the complex cases when both supply and demand shift?
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
Adam Smith wrote his Wealth of Nations within part like a refutation of the doctrines: (1) classical liberalism. (2) utilitarianism. (3) mercantilism. (4) physiocracy. (5) laissez faire capitalism.
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