Business cycle
What is meant by the term business cycle as described by economists?
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It refers to alternating increases and decreases in the level of business activity which is measured by the level of real GDP. The changes in activity levels are manifested in other variables like consumption spending, interest rates, consumer confidence levels, business confidence, unemployment levels, inflation rate, among many other indicators.
Imports and American cars are much close however not perfect replacements. When the U.S. govt. tried to enhance American car sales by setting a price ceiling of P1 on imported cars: (i) The quantity of cars imported will drop/fall from Q0 to Q1. (ii)
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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Illustrate, why is tax not a capital receipt?
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With the help of graph discuss the determinants of transaction demand.
How prices allocate resources?
How does an internally held public debt differ from an externally held public debt?
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