What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
What do you mean by the term Equilibrium? Also state its proper definition.
Meaning of Fiscal policy:Fiscal policy is the set of decisions and principles of a government regarding the extent of public expenses and mode of financing them. It is about the attempt of g
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
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
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
With the help of graph discuss the determinants of transaction demand.
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
‘The country is at present in recession and this has led to worse tax revenue and high expenses. The effect is a huge deficit. The government decides to increase taxes and lower government expenses. Is this an excellent idea?’
Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
18,76,764
1941431 Asked
3,689
Active Tutors
1438767
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!