national income
Gross domestic capital formation is always greater than gross fixed capital formation
Imports and American cars are much close however not perfect replacements. When the U.S. govt. tried to enhance American car sales by setting a price ceiling of P1 on imported cars: (i) The quantity of cars imported will drop/fall from Q0 to Q1. (ii)
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
What do you mean by the term Competitive market?
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
Name the six agency function of Commercial Bank. Answer: A) Transfer of funds B) Collection of funds C) Purchase and sale of securities. D) Collection of dividends E) Payment of bills &
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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