Microeconomics
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a restrictive monetary policy is designed to shift the
Define the term Supply curve.
Gross domestic capital formation is always greater than gross fixed capital formation
Law of supply: It is the claim which, other things equivalent, the quantity supplied of a good increases whenever the price of the good increases.
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
Whenever people can’t purchase all of a good they are willing and capable to pay for at present market price, there is surely a market: (1) Price ceiling. (2) Price floor. (3) Shortage. (4) Anomaly. (5) Surplus. Please
In market economies, what are the signals which guide economic decisions?
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
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