What do you mean by Linkages
What do you mean by Linkages?
Expert
With the economies of other nations numerous economic flows link in the U.S. economy.
Following are the linkages:
1. Goods and services flows
2. Capital and labour (resource) flows
3. Information and technology flows
4. Financial flows
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? Answer:
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
What explains why millions of economic resources tend to get arranged logically and productively rather than haphazard and unproductively?
Describe GDP gap and Okun’s Law?
Explain and give an illustration of (a) the fallacy of composition; and (b) the “after this, therefore because of this” fallacy. Why are cause-and-effect relationships difficult to isolate in the social sciences?
Illustrate the Public Sector Government’s Role of providing the legal structure?
A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. The cost of each good is $10. Calculate the firm's short-run profit or loss. w) loss of $6,000. x) profit of $6,000. y profit of $30,000. z) There is insufficient
By the perspective of nowadays academic standards, Adam Smith must have more evidently acknowledged that several the analyses and insights for that he took credit within his Wealth of Nations had really been gleaned from the writings
What are the determinants of demand?
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
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