Economic
Economic systems differ according to which two main characteristics?
Give a short history of how banking evolved into the sophisticated operation. Start first with the Goldsmith and sum up with the Banking system which we experience nowadays.
Describe Okun's law? Give an illustration of how it works.
Fiscal policy measures used for achieving full-employment level of output and price include increase in the government expenditure and cut in tax rates. A cut in tax rates eliminates only the adverse effect of high tax rates, whereas an increase in government expendit
With the help of graph discuss the determinants of transaction demand.
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Widely accepted normative macroeconomic policy objectives include: (w) full employment and economic development. (x) allocative, productive, and distributive efficiency. (y) maximum freedom and economic profits. (z) job security and equality within th
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
Illustrate, why is tax not a capital receipt?
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
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