Surplus of AD over AS-Inflationary gap
Does a surplus of AD over AS always entail a condition of inflationary gap? Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employment level of employment.
Does a surplus of AD over AS always entail a condition of inflationary gap?
Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employment level of employment.
Explain the concept of “economies of scale” and “increasing returns”.
Describe Okun's law? Give an illustration of how it works.
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
The basic determinant of the transactions demand for money is the
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
Why the borrowings by Government are taken as capital receipts?
For the firm, the major goal of profit sharing plans is to:
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
What are the Steps to analyze modifications in equilibrium?
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