MPC, MPS, multiplier
What relationship does the MPC bear to the size of the multiplier? The MPS? What will the multiplier be when the MPS is 0, .4, .6, and 1
What is "demand-pull" inflation?
When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Illustrations of macroeconomic aggregates would NOT consist of the: (1) tax responsibilities of a family. (2) unemployment rate. (3) level of national income. (4) supply of money. (5) rate of inflation. Can someone
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
Explain the term Shut Down Price? Illustrate it.
What is meant by the term business cycle as described by economists?
Illustrate whether output generated for self consumption is comprised or not comprised in the value of output? Answer: The output generated for self consumption is
State main sources of demand for foreign currency? Answer: The four main sources of demand for foreign currency are as follows: A) To buy services and goods from other countries. B) To send a gift abroad.
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
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