development economics
Government tax and transfer payments generally
Describe Aggregate Expenditure model and also state AD/AS model?
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
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Does full employment take place if AD = AS or S = I?
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
How Bank rates control the credit? Answer: Bank rate is the rate of interest at which the Central bank lends to Commercial banks. By increasing the bank rate centra
Definition of shortage: It is a condition in which quantity demanded is more than the quantity supplied. The sellers will respond to the shortage by increasing the price of the good till the market reaches the equi
Illustrations of macroeconomic aggregates would NOT consist of the: (1) tax responsibilities of a family. (2) unemployment rate. (3) level of national income. (4) supply of money. (5) rate of inflation. Can someone
Please brief the knowledge what is long run supply?
What is meant by the term business cycle as described by economists?
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