unemployment
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Bank rate: This is the rate at which the central bank loans money to commercial bank.
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 employmen
A change in tax rate changes the IS equation, LM equation remaining the same. Let same, let us suppose that the government raises the tax rate from 20 percent to 25 percent<
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
In the figure shown below, line T1 depicts a tax system which is: (1) Regressive. (2) Progressive. (3) Proportional. (4) Unbiased. (5) Recessive.
Describe Okun's law? Give an illustration of how it works.
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Which of the following lists includes only capital resources (and ther Which of the following lists includes only capital resources (and therefore no labor or land resources)?
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