Economic
Economic systems differ according to which two main characteristics?
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Economic growth is measured by the rate of increase in national output, GDP. The output depends on inputs -labour, capital technology etc. the theories of economic growth bring out how and to what extent each input or factor contributes to the g
The Income effects will be most strongly positive for: (1) Normal goods. (2) Necessities. (3) Superior or luxury goods. (4) Substitutes and much negative for the complements. Find out the right answer from the above options.
Implication of Fiscal deficit A) It raise the supply of money in the economyB) It rises financial burden for future generation.C) It is the cause of inflation.
what are the four factor of economic growth
Describe cost-push inflation and its major source.
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.
Question: Compare and contrast 'adaptive expectations' (Hubbard uses adaptive expectations) and 'rational expectations' in modeling expectations. Answer:<
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
18,76,764
1959164 Asked
3,689
Active Tutors
1449269
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!