national income
Gross domestic capital formation is always greater than gross fixed capital formation
Quetion: Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem
Describe Aggregate Expenditure model and also state AD/AS model?
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
What are the conditions through which the supply curve will shift?
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
How does an internally held public debt differ from an externally held public debt?
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Does full employment take place if AD = AS or S = I?
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