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Classical economists believe that monetary policy will certainly affect the level of output while the Keynesians believe that money growth affects only prices.
Summary of the main point or argument of an essay or research paper. And at the last i must say that war of independence failed due to the several reasons: Also get important information guide on other topics also.
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What will be the primary result of inflation in an economy? If you want to work in economics, understanding the world of finance is far more important than writing a good essay. Monetary but not fiscal policy will have an effect on output and employment.
The value added is: They are also 5 marks. The key assumption of the neoclassical growth model is that capital is subject to diminishing returns.
What does error disply. Below is a list of topics for the term paper. From this, firm B makes yarn worth Rs. Read the following instructions carefully before attempting the Quiz: Those who hold the classical view of the labour market are likely to believe that: The extent to which any firm can influence the price of the product.
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Keynesian economists actively promote the use of fiscal policy while the classical economists do not.
Majumdar declared that it was neither first, nor national, nor a war of independence. The Exogenous growth model is also known as the Neo-classical growth model or Solow growth model.
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