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if the economys real gdp doubles in 18 years we cana not say anything about the average annual rate of growth b
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how markets allocate resources derived demand is the change in demand due to a result initiated in another market
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explain how the following events affect output capital and consumption per unit of labor in the long run and along the
consider solows model when the production function is y 1000k03 l07 the population growth rate is 2 01 is the
1 if it is easy for a firm to get into or exit from a market then a firm in that market will be able to earn positive
how would your productivity in completing coursework be measured has your productivity changed since you began college
1 the characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market isa
1 the terms price maker price setter and price searcher are all meant to imply the same thing which isa firms operating
1 the payment to resource owners has to be equal to in order to keep the resources in their current usea what other
1 an may offer products that are either differentiated or nondifferentiateda monopolistically competitive firmb price
you are purchasing a 6-year discount bond with a face value of 441 at the time of purchase it had an interest rate of 3
rivalry is especial destructive to probability ifa it leads to lots of product features and hence higher costsb it
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if the price elasticity of a good is less than 0 but greater than -1 the good is considered and the company should