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When the worst econ grad student leaves MIT and goes to Harvard, both of the departments' averages go up.
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Structural change in the world's diamond market
The diamond market is undergoing a huge structural shift. The world’s leading diamond business, De Beer’s major shareholder Anglo American...
Bolivia's falling currency reserves
Bolivia’s balance of payments has reached a critical situation this year putting the country’s economy under significant pressure. In February...
Subscriber commentsSee all
- Hello Mr Johnson, shouldn't in question (f) be the range "between 2015 and 2023 (Table 2)"? Thanks
- Congyu, I think you might be confusing paper two (15-mark response) with the paper three (10-mark response), which asks for a policy response. In this case the question does say 'evaluate the policies'. While a student could certainly score...
- Maclyn examiners should not penalize a student that uses either LRAS/AS or a Keynesian/Monetarist LRAS curve providing that the explanation fits the diagram correctly.
- It does when the mortgage in question is interest only and it illustrates the impact of a fairly small rise in interest rates, on an averagely priced house - that is the purpose of the exercise. In reality disposable income is also impacted...