Money-just another good
‘What occurs in the money market when there is a raise in income?’
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Making an understanding of money market. The exercise begins by encouraging students to think of the money market in a customary demand-supply framework. This covers aspects of the money market which cause students troubles: stocks/flows, real/nominal and the ‘price’ of money. This goes on to consider several differences in the demand for money provided Keynesian and Monetarist views.
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit
State the Law of supply and explain the factors that affecting supply of commodity
The demand for a resource will increase if the
Fiscal policy measures used for achieving full-employment level of output and price include increase in the government expenditure and cut in tax rates. A cut in tax rates eliminates only the adverse effect of high tax rates, whereas an increase in government expendit
What is Demand schedule and how it is associated to demand curve?
Give some objective of government Budget. Answer: The objectives which are pursued by government via the budget are as follows: A) To attain economic growth. B) To decrease in equalities in income and wealth.
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
The law of equivalent marginal advantage is violated when people: (1) think about paying a higher price that ensures better quality. (2) elect a general as president while war clouds threaten. (3) fail to allocate similar resources within equally valu
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
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