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What is another name of macroeconomics? Answer: Income theory
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
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.
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Illustrations of macroeconomic aggregates would NOT consist of the: (1) tax responsibilities of a family. (2) unemployment rate. (3) level of national income. (4) supply of money. (5) rate of inflation. Can someone
The Financial Account captures international fund flows due to
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Explain the concept of “economies of scale” and “increasing returns”.
What happens when AD > AS past to full employment level of employment?
Define bank rate policy? How does it operate as a technique of credit control? Answer: Bank rate is the rate at which the central bank provides loans to the commerc
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