national income
how to calculate national income under value added method
Imperfect information at times causes consumer’s attempts to maximize their contentment to fail since: (i) Prospects are imperfectly realized, and trial-and-error prototypes can lead to mistakes. (ii) Sellers might exploit asymmetric information
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Describe the fiscal measures to accurate the condition of deficient demand and excess demand. Answer: Fiscal measures are the government’s budgetary policy th
The law of equivalent marginal advantage is violated when people: (1) think about paying a higher price that ensures better quality. (2) elect a general as president while war clouds threaten. (3) fail to allocate similar resources within equally valu
Definition of equilibrium price: It is the price which balances quantity demanded and quantity supplied. The equilibrium price is frequently termed as the "market-clearing" price since both buyers and sellers are p
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
IN which situation, there is a deficit in the balance of trade.
State the Law of supply and explain the factors that affecting supply of commodity
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