Macroec
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
What are the “powers of the Federal Reserve
An illustration of how marginal utility diminishes takes place when: (1) Derek finds it tough to laugh politely when he hears a “new” joke for the fourth time now. (2) Amy Sue chooses she would instead have 150 hogs than 151 on her pig far
What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl
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.
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Illustrate, why is tax not a capital receipt?
What happens when AD > AS past to full employment level of employment?
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
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