Concept of deflationary gap
Elucidate the concept of deflationary gap. Answer: Deflationary gap is the deficit in aggregate demand from the level needed to maintain full employment equilibrium.
Elucidate the concept of deflationary gap.
Answer: Deflationary gap is the deficit in aggregate demand from the level needed to maintain full employment equilibrium.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Assume that you consume bananas and apples, and the marginal utility of the last apple consumed is 6 times the marginal utility of last banana consumed. Though, the price of apples is only 3 times the price of bananas. This disequilibrium among the two goods can be re
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
The fact that most of the necessities for life like water are priced much lower than the frivolities like diamonds is addressed by the: (1) Utilitarian enigma. (2) Law of diminishing marginal utility. (3) Rational ignorance of hypothesis. (4) Paradox of the value. (5)
What is meant by the term business cycle as described by economists?
Why the borrowings by Government are taken as capital receipts?
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
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When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
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