principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
What happens when AD > AS past to full employment level of employment?
Please brief the knowledge what is long run supply?
Does full employment take place if AD = AS or S = I?
What are the “powers of the Federal Reserve
The basic determinant of the transactions demand for money is the
Describe cost-push inflation and its major source.
Describe whether the sale of old scooter is comprised in national income?
Individuals maximize the satisfaction whenever the marginal utilities of all goods are: (i) Precisely proportional to the consumer’s income. (ii) Maximized. (iii) Precisely proportional to the opportunity costs of consuming them. (iv) Equivalent
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