stamp payments

Why aren’t intermediate goods counted in GDP? Explain what is meant by the concept of “value added” and how it can be used to calculate GDP.

PRINCIPLES OF MACROECONOMICS Discuss what is meant by the Classical belief that the economy is self-correcting. When did this theory break apart? What might be some Keynesian prescriptions to get the economy out of an economic slump (both fiscal and monetary)?  explain how this works Explain stagflation. What did Paul Volcker do to combat this […]

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