3. Explain the difference between nominal and real variables, and give two examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of money 答 :名义变量是按货 币衡量 的变量 ,如玉米 的价格和名义GDP ;实际变量按实物单位衡量的...
Similarly, economic models offer a way to get a complete view or picture of an economic situation and understand how economic factors fit together. A good model to start with in economics is thecircular flow diagram(Figure 2, below). Such a diagram indicates that the economy consists of two...
aThere are three main economic theories attempting to explain how yields vary with maturity. Two of the theories are extreme positions, while the third attempts to find a middle ground between the former two. 有三个主要经济理论试图解释怎么出产量变化以成熟。 而三试图发现中立立场在前二之间,二...
Macroeconomics | Definition, Principles & Examples from Chapter 4/ Lesson 9 198K Understand the definition of macroeconomics and what macroeconomics focuses on. Learn the principles of macroeconomics, including economic output, economic growth, unemployment, inflation and deflation, and investment. ...
【定位】末段末句Beyond the virtue of access to those who have earned a place at these schools, the diversity of economic backgrounds enhances the education and experience of all of our students. Passage Two 文章开头:What a group of students 答案速...
First, I'llexplainthe rules of the game. 首先我要说明一下游戏规则。 牛津词典 It was difficult toexplainthe problem to beginners. 对初学者解释这个问题很难。 牛津词典 ‘Let meexplain! ’ he added helpfully. “让我来说明一下!”他热心地补充道。
Use the ideas of consumer surplus and producer surplus to explain why economists say competitive markets are efficient. Why are below- or above-equilibrium levels of output inefficient, according to these two sets of ideas? QUESTION 1 a. Briefly explain the economic theory of ...
simple two-dimensional chart. Each axis represents one type of economic good. A consumer will have no preference between any of the combinations of goods represented by points on the curve because the combination of goods on an indifference curve provides the same level of utility to the ...
These two examples suggest that behavioural patterns in learning and decision making task include a number of different strategies, which are meaningful, and predictable. For example, in the learning and decision making paradigms like the one used here, divergence from reward-oriented behaviour was ...
Explain the difference between a short-run and a long-run production function. Give an example. Write the production function equation and explain the various components of the equation with examples. Answer the following two questions: 1. Give the definition for the main factors of producti...