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1. The inflation over four consecutive quarter is f1=1%, f2=0.5%, f3=-0.5%, f4=1%. What is the inflation for the entire year?
2. Why the Is curve can be shifted by the change in government spending or taxation but not by the change in investment?
3. What is the real money (M/P) in the LM curve ? Why the denominator is price? How is it different from M in the money demand and money supply graph?
4. Why do nations trade? Analyze American imports and exports.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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