Problem on full employment
Does full employment take place if AD = AS or S = I?
Expert
This is not essential that full employment take place whenever AD = AS or S = I. This means that full employment might or might not take place at AD = AS or S = I.
What is the difference between profit and producer surplus?
In what respect foreign trade will be helpful in eliminating the adverse economic influences of deficient demand? Answer: Export increases the demand for services a
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Net revenue for Macho Man fake mustaches increases after the price raised from $5 to $7, pointing that demand faced by Macho Man was: (i) Relatively elastic. (ii) Relatively inelastic. (iii) Unitarily elastic. (iv) Perfectly inelastic. (v) Perfectly e
Since the percentage of income paid in taxes generally declines as taxpayer income increases, standard sales taxes and “sin” taxes [for example, excise taxes upon liquor or tobacco] are illustrations of: (1) proportional t
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
18,76,764
1927668 Asked
3,689
Active Tutors
1420080
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!