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Why is interest received classified as revenue receipt? Answer: Interest received is a revenue receipt since it does not build any liability nor it leads to the red
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
a restrictive monetary policy is designed to shift the
Fiscal policy measures used for achieving full-employment level of output and price include increase in the government expenditure and cut in tax rates. A cut in tax rates eliminates only the adverse effect of high tax rates, whereas an increase in government expendit
What are the strength and weakness of using per capital national income? give explained answer for query
What is the role of price in market economies?
Briefly explain the four supply factors in economic growth?
Individuals maximize the satisfaction whenever the marginal utilities of all goods are: (i) Precisely proportional to the consumer’s income. (ii) Maximized. (iii) Precisely proportional to the opportunity costs of consuming them. (iv) Equivalent
When cost of a foreign currency increases its supply too increases. Elucidate why?
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
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