McConnell Brue Flynn 19e
What relationship does the MPC bear to the size of the multiplier
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.
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 do you understand by the term Price (P) at Market in Economy?
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
What are the main sources of supply of foreign currencies into domestic economy? Answer: A) Foreigners purchasing home country’s goods and services via exports. B) Foreign investment in home country via
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
1. Examples of command economies are: A. The United States and Japan. B. Sweden and Norway. C. Mexico and Brazil. D. Cuba and North Korea.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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