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Recognize which of the following purchases is counted as a part of NI: a) Tata motors purchases tire from Good year to equip latest Indica. b) Tata motors purchases tires fr
The more certain private property rights are, a. the less people need to invest in education or human capital development. b. The less entrepreneurship there will be. c. t
#“Nominal GDP declined between 2008 and 2009, therefore the GDP deflator must also have declined.”
How credit is created or the creation of credit
Summary of the Phillips curves In neo-classical synthesis, augmented Phillips curve is known as the short-run Phillips curve. It is presumed to be stable as long as expectation
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
is/lm curve
If demand increases and the supply increases also, then what will happen to the new equilibrium price and equilibrium quantity? Explain what is happening with the curves and how pr
How growth are improved living standards The two main benefits of growth are improved living standards and technological advancement. As an economy grows, the output of
How central bank increases the target rate Let's say that the central bank increases the target rate. When the target rate increases, the central bank needs to raise the overni
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