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GDP Price Level At the equilibrium level of income aggregate spending in the economy equals aggregate output. All along, we have assumed that the general price level remains un
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
Q. What is Debt Burden? Debt Burden:Real economic importance of a debt relies on interest rate that should be paid on debt and on total income of consumer or business which und
Type of total outlay
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Why total product continues to increase despite a decrease in the marginal product?
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
(Granger, 1969, 1988), where it can be addressed in terms of a VAR (vector auto regression) system. If an export platform is important for the country, FDI inflows should result in
Control of Monopolies and Restrictive Trade Practices Monopoly hampers economic growth by lowering output and increasing prices and has an anti-social impact. In India, the Monopo
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