Define involuntary unemployment
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
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What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Macro Economics: Macro economics studies the economy as an entire.
A flat rate income tax for all levels of income along with no exceptions would be taken as a: (i) proportional tax. (ii) progressive tax. (iii) regressive tax. (iv) common tax. Can anybody suggest me the proper exp
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
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