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The demand for a resource will increase if the
What happens when AD > AS past to full employment level of employment?
Commonly agreed-upon normative goals of macroeconomic policy do not include: (w) high employment. (x) price-level stability. (y) redistributing wealth through the rich to the poor. (z) economic growth. Can someone
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
A country’s balance of trade is Rs. 75 crores. The value of imports of goods is Rs. 100 crores. What is the value of exports of goods?
Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
Gross domestic capital formation is always greater than gross fixed capital formation
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Between 1961 and 2007, the rising share of the Canadian population in paid employment contributed to rising GDP per person. But suppose that the share of the Canadian population in paid employment had remained constant between 1961 and 2007. What would Canadian GDP pe
In calculating the GDP national income accountants:
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