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If the price of K declines, the demand curve for the complementary project J will:
what are the four supply factors of economic growth
Describe cost-push inflation and its major source.
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
The economic effects of inflation are all pervasive. It affects all those who depend on the market for their livelihood. The effects of inflation may be favorable or unfavorable, and low or high depending on the rate of inflation. For example a galloping the hyper inf
Explain the concept of “economies of scale” and “increasing returns”.
In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit
Methadone programs for addicts are intended at reducing illegal heroin traffic through: (i) decreasing the heroin supply. (ii) increasing the price of heroin. (iii) decreasing the demand for heroin. (iv) executing drug dealers. Hel
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