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EC4006 2425 (T2) Fundamentals of Economics (OC)
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The price elasticity of the demand curve depicted below is equal to:
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The Keynesian consumption function is C = a + bYd. What does Yd represent?
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Friedman's theory of consumption focused not on current income but on income.
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In the circular flow of income, factor services are:
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A monopolist faces:
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An increase in supply is likely to lead to:
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If a 20% increase in price leads to a 2% increase in the quantity supplied then supply is price .
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Government bonds may also be referred to as:
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Economic growth occurring due to a movement from inside the Production Possibility Frontier onto the PPF itself is an increase in rather than potential output.
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If an economy has high levels of unemployment:
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