principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
Economic growth is generally defined as a sustained increase in per capital national output over a long period of time. It implies that for economic growth of a nation, the rate of increase in its total output must be greater than the rate of population growth. It ma
Elucidate the basis of categorizing government receipts into revenue receipts and capital receipts. Answer: Revenue Receipts: The government revenue receipts are such receipts A) that neither makes liability
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
In the figure shown below, line T0 depicts a tax system which is: (1) Progressive. (2) Regressive. (3) Proportional. (4) Unbiased. (5) Recessive. Q : Steps to analyze modifications in What are the Steps to analyze modifications in equilibrium?
What are the Steps to analyze modifications in equilibrium?
Please brief the knowledge what is long run supply?
What is Demand schedule and how it is associated to demand curve?
What do you mean by the term Competitive market?
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