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.
What are the main sources of supply of foreign currencies into domestic economy? Answer: A) Foreigners purchasing home country’s goods and services via exports. B) Foreign investment in home country via
With the help of graph discuss the determinants of transaction demand.
Net revenue for Macho Man fake mustaches increases after the price raised from $5 to $7, pointing that demand faced by Macho Man was: (i) Relatively elastic. (ii) Relatively inelastic. (iii) Unitarily elastic. (iv) Perfectly inelastic. (v) Perfectly e
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Possibilities Food (millions of tons per year) Tractors (millions per year) A 0 30 B 4 28 C 8 24 D 12 20 E 16 14 F 20 8 G 24 0 a. Is it possible for this nation to produce thirty million tons of food per year? Why or why not. b. Is it possible for this nation to produce thirty million
What are the strength and weakness of using per capital national income? give explained answer for query
The balance of trade demonstrates a deficit of Rs 300 crore. The values of exports are Rs 500 crore. Determine the value of imports? Answer: Q : What is long run supply curve Please Please brief the knowledge what is long run supply?
Please brief the knowledge what is long run supply?
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
Why the borrowings by Government are taken as capital receipts?
18,76,764
1942908 Asked
3,689
Active Tutors
1418081
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!