Inflationary gap and marginal propentsity to save
Problem: Please provide a economic definition for:1. Inflationary gap.
2. Marginal propentsity to save
3. shortage
4. ceteris paribus
5. nominal income
6. imtermediate foo
7. purchasing power
8. law of increasing oppotunity costs
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Problem: Please provide a economic definition for: 1. Inflationary gap. 2. Marginal propentsity to save 3. shortage 4. ceteris paribus 5. nominal income 6. imtermediate food 7. purchasing power 8. law of increasing oppotunity costs
Suppose the economy's short-run equilibrium point is to the left of the National Real GDP. Which of the following is true?
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Problem: Cournot and Bertrand Equilibria and its relation to tough and soft Commitments.
At the profit-maximizing price and quantity, calculate the price elasticity of demand for roses. Is Shelley pricing on the inelastic portion of the demand curve? Explain why or why not.
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