closed economy
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Describe when there will be a shortage of the good?
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl
What must be added to NNPMP to obtain net national disposable income?
Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Why the value of MPC is not greater than 1?
Answer: This is because change in consumption can never be more than change in income.
People in whole the world confront the difficulty of scarcity at always because: (i) restricted resources and times preclude producing all the goods people need. (ii) greedy capitalist monopolies charge excessively high prices. (iii) international mar
Describe the following terms: (i) Business fixed investment (ii) Inventory Investment (iii) Residential construction Investment (iv) Public Investment.
Describe the following terms:
(i) Business fixed investment (ii) Inventory Investment (iii) Residential construction Investment (iv) Public Investment.
Describe open market operations? What is its consequence on availability of credit? Answer: Open market operations signify the purchase and sale of government secur
Describe open market operations? What is its consequence on availability of credit?
Answer: Open market operations signify the purchase and sale of government secur
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
What is meant by the term business cycle as described by economists?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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