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If the price of K declines, the demand curve for the complementary project J will:
What is Demand schedule and how it is associated to demand curve?
What do you understand by the term Price (P) at Market in Economy?
Economic systems differ according to which two main characteristics?
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Elucidate the concept of deflationary gap. Answer: Deflationary gap is the deficit in aggregate demand from the level needed to maintain full employment equilibrium
Question: Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have o
Bank rate: This is the rate at which the central bank loans money to commercial bank.
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
Since the percentage of income paid in taxes generally declines as taxpayer income increases, standard sales taxes and “sin” taxes [for example, excise taxes upon liquor or tobacco] are illustrations of: (1) proportional t
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