Define Macro Economics
Macro Economics: Macro economics studies the economy as an entire.
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o
Include graphs and should be 15 pages long
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. (
How can governments seek to control their national economies through fiscal and monetary policies?
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.
Describe why businessmen mostly wish to open current account in bank?
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
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