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Is the Chinese economic transformation after 1980 a threat to the world economy? Why do you think so?
Microeconomics, Economics
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Question: A consumer has the following utility function: U(x1,x2)=ln(x1)+2*ln(x2), where ‘ln' stands for the natural logarithm. Reminder - the derivate of ln(x1) with respect to x1 is 1/x1. a. Calculate the demand functi ...
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Question: As a manager, one of your responsibilities is to monitor recent changes in inflation. However, the recent statistics appear to be quite confusing. The CPI rose only 0.1%, but the PPI for finished goods increase ...
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Question: Draw two graphs, one with the LRAS curve and the other with the SRAS curve. Describe the impact an increase in aggregate demand will have in each situation, and show it graphically. The response must be typed, ...
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