What is the difference between profit and producer surplus?
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
To begin with, let us recall our three-sector product-market equilibrium model given as C + I + G = C + S + TTo this three-sector model, we now add the foreign trade-the exports (X) and imports
Describe when there will be a shortage of the good?
What stage of the business cycle is our economy experiencing at present time? proof your answer.
What do you mean by the term Equilibrium? Also state its proper definition.
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.
Question: How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world, investment in both economi
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
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
What is the main difference between FED targeting the interest rate versus inflation and which one is Bernanke using nowadays? Name some countries which use this method nowadays.
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