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  • Or, as Marshall put it: It deals with his mans efforts to satisfy his wants, in so far as the efforts and wants are capable of being measured in terms of wealth or its general representative, i. This involves market participants borrowing domestically and lending internationally at a higher rate of interest, a side effect of which is to exert downwards pressure on the currency being borrowed. In macroeconomics, sterilization is action taken by a country's central bank to counter the effects on the money supply caused by a balance of payments surplus or.
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  • In Eatwell, John; Milgate, Murray; Newman, Peter. The managerial economist should recognise his responsibilities to make successful forecast. Define economics. Onomics synonyms, economics pronunciation, economics translation, English dictionary definition of economics.
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