Problem on full employment level of employment
What happens when AD > AS past to full employment level of employment?
Expert
This is a state of dis-equilibrium in economics. If AD > AS, producers have to provide to demand out of their existing stock of goods, imply that the desired stage of stocks will reduce. It implies more production and thus there is rise in AS. This method continues till equilibrium is struck among AD and AS.
Macroeconomics is mainly concerned along with all things as the: (i) decisions individuals and firms make while prices change. (ii) resource usage and technology bases of firms. (iii) levels of national employment and income. (iv) movements within the
What is Supply schedule and how it is related to supply curve?
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor r
Describe cost-push inflation and its major source.
Explain with examples the reasons for exceptional demand curve
When Sam Sleaze sells Terry Tone-deaf a low-quality stereo by promotion as the "top of the line", there is a trouble of: (1) Moral hazard. (2) Irrational ignorance. (3) Adverse choice. (4) Paradox of value. Can someone help me in g
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Describe Aggregate Expenditure model and also state AD/AS model?
Define Break Even point? Elucidate with the help of saving function. Answer: Breakeven point is a point where consumption equals to income and saving is equivalent t
Describe when there will be a shortage of the good?
18,76,764
1935323 Asked
3,689
Active Tutors
1436574
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!