y = sin (.5x). The coefficient b in the above graph is 2, so the period of the sine curve changed by a factor of 1/2, making the new period Ï, or about 3.14. y = sin (.5x). For the above graph, the coefficient b = 1/2, so the period of the sine curve will be twice as long as it usually is, or 4 Ï. y = sin (3x).
The term silent revolution refers here to a shift in the prevailing paradigm for international economic and political relations, away from tendencies toward autarky, insularity, mercantilism, and governmental planning and control over economic activity; and toward a common set of beliefs and policies based on open international trade and finance, competitive pricing and production decisions, and cooperation between countries.
In the short run, economic theories are based on the assumptions of given resources and technology. ADVERTISEMENTS: These assumptions relate to a static economy where there is movement but no change. But in the long run, labour, capital and other resources and technology are assumed to change in certain theories. They relate to a dynamic economy. However, most economic theories are based on the assumption of a static economy.