IS-KM Model with classical supply
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
Gross domestic capital formation is always greater than gross fixed capital formation
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
Economic systems differ according to which two main characteristics?
Reallocation of resources: In case, the market economy fails or does not attain the desired social objectives, the government has to interfere via budget and reallocate resources accordingly. Through its budgetary
Meaning of Cash Reserve Ratio (CRR): It is the percentage of net or total deposits of commercial bank that are maintained by RBI.
How does a commercial bank make money? Answer: Commercial banks are capable to make credit that is many times greater than deposits received by banks. Money creatio
Describe when there will be a surplus of the good?
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