Define the term Supply curve
Define the term Supply curve.
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Supply curve: The supply curve exhibits how much producers provide for sale at any specific price, holding constant all other factors which might influence producer’s decisions regarding how much to sell.
Explain the concept of “economies of scale” and “increasing returns”.
Describe Okun's law? Give an illustration of how it works.
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
how many systems of note issue are there??
If one party to a transaction deceives another party prior to a deal be reached, this is termed as: (i) Bad luck. (ii) Adverse selection. (iii) Moral hazard. (iv) Polyandry. (v) Rational ignorance. Please someone suggest me the rig
What is "demand-pull" inflation?
What do you mean by the term Competitive market?
The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
Give some objective of government Budget. Answer: The objectives which are pursued by government via the budget are as follows: A) To attain economic growth. B) To decrease in equalities in income and wealth.
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