Problem on full employment
Does full employment take place if AD = AS or S = I?
Expert
This is not essential that full employment take place whenever AD = AS or S = I. This means that full employment might or might not take place at AD = AS or S = I.
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
For the firm, the major goal of profit sharing plans is to:
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Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
The fact that most of the necessities for life like water are priced much lower than the frivolities like diamonds is addressed by the: (1) Utilitarian enigma. (2) Law of diminishing marginal utility. (3) Rational ignorance of hypothesis. (4) Paradox of the value. (5)
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Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
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