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The Neo-Classical school of thought is built under the assumption of prices being flexible in both directions(upwards or downwards). On the other hand, Keynes suggested that wages are inflexible downwards...

This question is asking to find the values for x, such that h(x) is strictly less than g(x). We can write this as 9^x + 9 < 103^x and solve for x as follows. 9^x + 9 < 103^x => 3^(2x) - ...

Straight away we notice that two trigonometric terms on the left hand side have 2x but there are no 2x on the right hand side therefore we realise that this question will require double angle formulae. If...

Consider the Left-Hand-Side (LHS) of the equation first. LHS: 1/2 + 1 + 2 + 2^2 + ... + 2^10. We identify this as a geometric series by noticing that dividing any term u_(n+1) by the preceding term n the ...

A particular economy can go through many downturns and upturns in what is called the business cycle. A central bank may wish to dampen these fluctuations by using one of two tools. The first one is changi...