Define Macro Economics
Macro Economics: Macro economics studies the economy as an entire.
What relationship does the MPC bear to the size of the multiplier
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
The least apparent illustration of how decisions are generally ‘at the margin’ would be: (i) Purchasing an additional novel after learning that all paper-backs at Borders are on sale for 25 percent off. (ii) Tossing a 6-year old cousin to the deep end of t
In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Meaning of Cash Reserve Ratio (CRR): It is the percentage of net or total deposits of commercial bank that are maintained by RBI.
What are the “powers of the Federal Reserve
The transfer of wealth from developed countries to oil exporting countries (abbreviated as OPEC) which followed sky-rocketing oil prices in the year 1970s points out that the price elasticity of demand for oil was: (i) Unitary. (ii) Relatively high. (
Explain the concept of “economies of scale” and “increasing returns”.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
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