Define bank rate
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
Can someone please help me in finding out the precise answer from the following question. Owners generally can’t lose more than their financial investments when a firm is a: (i) Proprietorship. (ii) Family business. (iii) Partnership. (iv) Corporation.
When a farmer grows wheat and rice, how will a raise in the price of wheat influence the supply curve of rice? Answer: The Supply curve of rice will shifted to the
When will an augment in supply entail a raise in price however no change in quantity?
Examine within your answer the circumstances that will enable a company to pass on cost increases to customers and protect profit margins. For example- price sensitivity of demand, rising food prices, cotton prices, etc.
This is untrue that a firm which is a pure monopoly: (1) commonly engages in extensive advertising to differentiate its products. (2) produces a level of output which is closer to socially optimal when this price discriminates. (3) is the sole produce
John Kenneth Galbraith refuses theories which suppose profit maximization in competitive markets. According to him, the big corporations dominate the economic activity as: (1) Corporate managers look for maximum gains for stockholders. (2) Government policies are mani
Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs
Can someone please help me in finding out the accurate answer from the following question. Most of the mass advertising is intended to influence market demand primarily by: (1) Providing full detailed information regarding products. (2) Decreasing pro
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