What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3. Q : Problem on production function Consider Consider a model economy with a production function Y = K0.2(EL)0.8, where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is defined as
Consider a model economy with a production function Y = K0.2(EL)0.8, where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is defined as
What do you mean by the term Equilibrium? Also state its proper definition.
Use the principles of supply and demand to address a predetermined goal (set by the student) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is.
When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a reduction in quantity supplied is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D. Q : Unemployment (a) Do you think that (a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
Economists agree that inflation beyond a moderate rate is undesirable as it can often prove disastrous and therefore, it must be kept under control. Economists agree also that an appropriate mix of fiscal and monetary policies can be helpful in controlling inflation.
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
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