Okuns law
Describe Okun's law? Give an illustration of how it works.
Expert
The Okun’s Law is an empirical relation between unemployment and output/GDP. It was found by the economist named ARTHUR OKUN, who used US data and found that for every 1% rise in unemployment, GDP falls by 2%. This is the cost of unemployment.
Describe why businessmen mostly wish to open current account in bank?
How can governments seek to control their national economies through fiscal and monetary policies?
Explain the concept of “economies of scale” and “increasing returns”.
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
What is the basic difference between Market Supply and Individual Supply?
Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o
When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a reduction in quantity supplied is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D. Q : Microeconomic analysis emphasizing to 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
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
Please brief the knowledge what is long run supply?
18,76,764
1922426 Asked
3,689
Active Tutors
1459021
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!