Excess demand in macro economics
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
When you were unconcerned about the welfare of other people and your income rated you onto the top two percent of the population, then you would be happiest while the Lorenz curve for your country resembled as: (1) li
An industry dominated by some consciously interdependent firms which control most of its output is an: (1) uncontestable market. (2) oligopoly. (3) illegal conspiracy. (4) unnatural monopoly. (5) entrepreneurial cartel. Can someone
Why payment of interest is treated as revenue expenditure? Answer: Since it does not cause any decrease in the liability of government.
Can somebody help me to solve this query.. The federal income tax, wherein the rate rises as income increases, is taken as: (w) a progressive tax. (x) a regressive tax. (y) skewed towards the poor. (z) unfair to th
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
The ratio of the percentage change within the quantity of beef sold over the percentage change within the price of pork is: (1) price elasticity of demand for beef. (2) price elasticity of demand for pork. (3) income elasticity of dem
Autonomous investment: Investment that is made up without depending on the gain of the enterprise.
Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as the tools for managers of a firm are termed as: (1) Managerial unions. (2) Company unions. (3) Wildcat unions. (4) Union-busters.
In short run, the demand for mink coats is least probable to change in response to: (i) Development of the petroleum based faux fur fabric which can’t be differentiated from genuine mink except via DNA analysis. (ii) Armies of a
Can someone please help me in finding out the accurate answer from the following question. The Extensive fire damage in a neighborhood where almost everyone has fire insurance is an apparent evidence of: (1) Cost inflation in service sector. (2) Ineffective resource a
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