Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
Which transactions- autonomous or accommodating carry balance in BOP? Answer: Accommodating transactions carry balance in the BOP or balance of payment.
Who was responsible for setting the tone for following generations of economists?
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.
Which transactions find out the balance of trade? When the balance of trade is in surplus?
safeguard against the crisis of confidence in system explain
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
market structure and price-output determination
In a completely employed economy, the higher the yield of capital goods, and the bigger its: (1) Present living standards. (2) Present output of consumer goods. (3) Growth of capacity for the future production. (4) Rates of inflation and unemployment.
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Question 1: The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some time. Comment on the e
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