What is multiplier
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Multiplier: The Multiplier is the ratio of change in income by the change in investment.
Multiplier (k) = ΔY/ΔI
The equilibrium interest rate is determined
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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Describe why businessmen mostly wish to open current account in bank?
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