Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
the amount of wealth that households and business desire to hold in the form of money balances is called the demand for moneyindividuals and firms
functions of moneyduring the course of history money has taken various forms in fact there is no difficulty in identifying money but the problem is
the transmission mechanismthe mechanism by which the changes in monetary policy affect aggregate demand is called transmission mechanism two stages
the prices of fresh fruits have risen recently in the jackson area why would this have occurred
the multiplier analysis multiplier analysis explains what happens to circular flow of economic life when the behavior of one of the sectors or the
introducing the foreign trade sector most economies in the real world are open economies they engage in trade with other economies goods and
towards a national accounting system a real life modern economy is a very complex structure consisting of millions of units engaged in a
difficulties in measuring the national income there are some conceptual and statistical problems in measuring national product some items are
money and credit in any modern economy the quantity of money aggregate volume of credit and its sectoral composition are important variables
macroeconomicswe have explained several concepts and macroeconomic aggregates which form the basic terminology of macroeconomic analysis like other
business cycles economic growth is not a continuous process superimposed on the long-term trends are short-term fluctuations in the levels of
money supply and monetary policy all modern societies use money as the medium of exchange since money can be exchanged for goods and services
rate of growth every country desires economic growth a countrys economic performance is often judged on the basis of - among other things -
components of balance of payments the bop statement is usually divided into three major groups of accounts these areithe current account this
balance of payments all countries have economic transactions with other countries these consist of import and export of goods and services
employment full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic
wholesale prices consumer prices and inflation from the man on the street to the highest policy makers the behavior of prices is of intimate
industrial production and agricultural production industrial production and agricultural production are aggregate measures of sectoral outputs
gross domestic capital formation production requires services of fixed assets such as machinery equipment and structures as well as working
gross domestic savings income not devoted to current consumption is saved in an economy during a particular year some units will consume less
aggregate consumption this is the aggregate of all expenditures on current consumption goods and services ie those which are consumed during
national product and domestic product a modern economy produces literally thousands of different goods and services some of these goods and
statics and dynamics economic models deal with stock and flow variables these variables can be in one of the two states - equilibrium or
stocks and flows when studying economics one must be sure whether the variable being studied is a stock variable or a flow variable failure to