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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 limitations of using GDP as an index of welfare of a country?A) The N.I. figures provide no indication of the population, skill and resource of the country. Thus the levels of welfare stay low.B) A higher N.I. migh
Explain with examples the reasons for exceptional demand curve
Explain the concept of “economies of scale” and “increasing returns”.
Why change in stock is considered a portion of final expenditure? Answer: The Unsold stocks left with producers are supposed as purchased by the producers themselve
When cost of a foreign currency increases its supply too increases. Elucidate why?
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
What is "demand-pull" inflation?
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
State the Law of supply and explain the factors that affecting supply of commodity
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