Define involuntary unemployment
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Describe Okun's law? Give an illustration of how it works.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Describe cost-push inflation and its major source.
What points out zero primary deficits? Answer: Zero primary deficits signify that the government has to resort to borrowings simply to make interest payments.
What are the strength and weakness of using per capital national income? give explained answer for query
What do you mean by the term Competitive market?
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What is another name of macroeconomics? Answer: Income theory
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