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
Explain with examples the reasons for exceptional demand curve
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
If disposable income increases from Rs. 1,000 to Rs. 1,100, savings increase by Rs. 30. Determine the marginal propensity to save and marginal propensity to consume?
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.
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
Government tax and transfer payments generally
Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta
When a tax on goat cheese is completely paid by consumers via higher prices, then the tax has been: (i) alleviated. (ii) Forward shifted. (iii) Backward shifted. (iv) Actualized. (v) Randomized. Can someone help me in getting throu
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor r
how to calculate national income under value added method
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