Perfect goods are goods that are always consumed together in fixed proportions. The indifference curves are L – shaped, with the vertex where the number of one good is equal to the number of the other good
Dana05 answered the question on August 15, 2019 at 14:00
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Describe the shape taken by the indifference curve of perfect substitutes
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Describe the shape taken by the indifference curve of perfect substitutes
Date posted:
August 15, 2019
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Highlight the economic assumptions about consumer preferences
(Solved)
Highlight the economic assumptions about consumer preferences
Date posted:
August 15, 2019
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How do price and income policies control inflation
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How do price and income policies control inflation
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August 15, 2019
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How do monetary policies control inflation
(Solved)
How do monetary policies control inflation
Date posted:
August 15, 2019
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How do fiscal policies control inflation
(Solved)
How do fiscal policies control inflation
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August 15, 2019
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What are consumer preferences?
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What are consumer preferences?
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August 15, 2019
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State the various policies used as remedies of inflation
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State the various policies used as remedies of inflation
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August 15, 2019
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Highlight the external effects of inflation
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Highlight the external effects of inflation
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August 15, 2019
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Identify the internal effects of inflation
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Identify the internal effects of inflation
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August 15, 2019
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Highlight the methods used to correct the trade deficit in the J curve phenomenon
(Solved)
Highlight the methods used to correct the trade deficit in the J curve phenomenon
Date posted:
August 14, 2019
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Describe the J curve phenomenon
(Solved)
Describe the J curve phenomenon
Date posted:
August 14, 2019
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Differentiate between the flexible and fixed exchange rate regimes
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Differentiate between the flexible and fixed exchange rate regimes
Date posted:
August 14, 2019
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Define the following terms: Exchange rate, Depreciation of the currency, Devaluation Appreciation, Terms of trade
(Solved)
Define the following terms:
- Exchange rate
- Depreciation of the currency
- Devaluation
- Appreciation
- Terms of trade
Date posted:
August 14, 2019
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Answers (1)
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Briefly explain the factors that cause a shift in the balance of payments curve
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Briefly explain the factors that cause a shift in the balance of payments curve
Date posted:
August 14, 2019
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Why is the balance of payments curve positively sloped
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Why is the balance of payments curve positively sloped
Date posted:
August 14, 2019
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What is the balance of payments made up of?
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What is the balance of payments made up of?
Date posted:
August 14, 2019
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Give the definition of balance of payments
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Give the definition of balance of payments
Date posted:
August 14, 2019
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Explain the factors that cause changes in the general equilibrium
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Explain the factors that cause changes in the general equilibrium
Date posted:
August 14, 2019
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The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand...
(Solved)
The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand = 0.2Y – 10r
Find the values of Y, C, T, M and I
Date posted:
August 14, 2019
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What is the effect of decrease in income on the interest rate?
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What is the effect of decrease in income on the interest rate?
Date posted:
August 14, 2019
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Answers (1)