Surplus of the good
Describe when there will be a surplus of the good?
Expert
When the real market price is more than the equilibrium price, then there will be a surplus of the good.
The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al
Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
The Income effects will be most strongly positive for: (1) Normal goods. (2) Necessities. (3) Superior or luxury goods. (4) Substitutes and much negative for the complements. Find out the right answer from the above options.
What stage of the business cycle is our economy experiencing at present time? proof your answer.
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
what are the four factor of economic growth
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
Question: Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment? Q : Define Quantity of a good Quantity of a Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
18,76,764
1949229 Asked
3,689
Active Tutors
1445735
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!