Meaning of Cash Reserve Ratio or CRR
Meaning of Cash Reserve Ratio (CRR): It is the percentage of net or total deposits of commercial bank that are maintained by RBI.
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
The equilibrium interest rate is determined
Family member to macroeconomics, the microeconomic analysis: (w) was emphasized through economists prior to the Great Depression. (x) is related with the effects of extensive government policies. (y) focuses upon economic development
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.
Explain the concept of “economies of scale” and “increasing returns”.
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
The consumer reaches equilibrium for any two goods X and Y whenever the: (1) MUx/Px = MUy/Py. (2) MUx/MUy = Py/Px. (3) Utility from X equivalents the utility produced by Y. (4) Point of diminishing returns is arrived at. Can someon
When doubling your viewing of soap operas to 16 hrs per week reasons your IQ score to drop/fall from a mastermind level of 140 to a sluggish 70, your TV elasticity of brain power will be: (i) + 1.0. (ii) zero. (iii) – 1.0. (d) +0.5. (e) -0.5.
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
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