Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
what are the techniques of balance of payment?
Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
distinguish between autonomous transactions and accommodating transactions under balance of payments
Explain how foreign exchange rate is determined beneath flexible exchange rate system. Beneath flexible exchange rate system, the equilibrium exchange rate is found out where demand for foreign exchange is equival
What challenges are facing lone mill mine and what strategies can be used
‘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?’
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
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.
Explain all the approaches of Paul Samuelson.
safeguard against the crisis of confidence in system explain
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