IS-KM Model with classical supply
discuss with the help of IS-LM model why money has no effect on output in classical supply case
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
Assume that you receive $18 worth of ‘jollies’ (that is, utility, satisfaction or pleasure) from the very first hole of golf played on a particular day, and that your extra jollies from succeeding the holes drops $1 for each and every hole played. You shou
Economic growth is generally defined as a sustained increase in per capital national output over a long period of time. It implies that for economic growth of a nation, the rate of increase in its total output must be greater than the rate of population growth. It ma
In market economies, what are the signals which guide economic decisions?
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al
Task 1 – Commercial banks in United Economy have total deposits of AED 300 billion. Their reserves are AED 15 billion, two- thirds of which are with the Central Bank as deposits. There are AED 30 billion notes outside the banks. There are no coins! Calculate- a) The monetary base. b) The bank
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Describe Okun's law? Give an illustration of how it works.
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