Econ question
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Describe whether the sale of old scooter is comprised in national income?
Family member to macroeconomics, the microeconomic analysis: (w) was emphasized through economists prior to the Great Depression. (x) is related with the effects of extensive government policies. (y) focuses upon economic development
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
Fiscal deficit: Fiscal deficit is stated as the surplus of total expenditure over total receipts, apart from borrowings. Fiscal deficit = Total expenditure (Rev. Exp. + Cap. Exp.) – Total Receipts
What are the conditions through which the supply curve will shift?
‘The country is at present in recession and this has led to worse tax revenue and high expenses. The effect is a huge deficit. The government decides to increase taxes and lower government expenses. Is this an excellent idea?’
Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
discuss with the help of IS-LM model why money has no effect on output in classical supply case
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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