Shortage of the good
Describe when there will be a shortage of the good?
Expert
When the real price is lower than the equilibrium price, then there will be a shortage of the good.
Threats of SWOT analysis: • Possible threat from other banks and other financial institutions • There is always a possible threat of market fluctuations. By this we me
When total revenue to a firm is unaffected by small price modifications, then demand is: (i) Relatively price elastic. (ii) Relatively price inelastic. (iii) Unitarily price elastic. (iv) Vertical. (v) Horizontal. Can someone help
How Bank rates control the credit? Answer: Bank rate is the rate of interest at which the Central bank lends to Commercial banks. By increasing the bank rate centra
Describe open market operations? What is its consequence on availability of credit? Answer: Open market operations signify the purchase and sale of government secur
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
What do you mean by the term Competitive market?
What happens when AD > AS past to full employment level of employment?
Reallocation of resources: In case, the market economy fails or does not attain the desired social objectives, the government has to interfere via budget and reallocate resources accordingly. Through its budgetary
a restrictive monetary policy is designed to shift the
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