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Exploring the Paradox of Value

Exploring the Paradox of Value

Diamonds command a higher price in the market as compared to water, when it is water without which human beings cannot live....
8 min read
Managing the economy

Equilibrium_answer

EconomicsOnline • February 04, 2019 • 1 min read

 Answer

Price level Aggregate demand Aggregate supply
200 50 700
180 160 700
160 270 700
140 380 680
120 490 660
100 600 600
80 710 100
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How to Stop Inflation?

How to Stop Inflation?

Governments want to control a high inflation rate because it is harmful for the economy in many ways....
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