Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
Name the accounts in the balance of payments (BOP)? Answer: a. Current account: It exhibits the imports and exports of services and goods and transfer payments.b. Capital Account: It exhibits the assets and li
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Induced investment: It is a type of investment that is of profit motive in nature.
‘The pound has enhanced today on the foreign exchange market’ is a general media comment whenever the pound sterling appreciates. When the pound appreciates is it always excellent news for business and the economy?’
‘Can foreign exchange markets be analyzed in similar manner as the markets for ordinary physical commodities? Do demand slope downwards and supply slope upwards for currencies?’
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Who was responsible for setting the tone for following generations of economists?
State the items that are not involved in the current account of India’s Balance of payment. Answer: The capital transactions is in the form of direct and portf
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
The professor wants to narrow it down to one or two wars that have affect global economies.
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