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Q. Explain about Counter-Cyclical Policies?
Counter-Cyclical Policies:Governments may take many different actions to offset ongoing booms and busts of private-sector economy. These policies include fiscal policies (increasing government spending when economy is weak), monetary policies (cutting interest rates when required to stimulate more spending) and social policies (such as unemployment insurance) to sustain household incomes and spending even in a downturn.
Why does a price index based on constant weights tend to overstate inflation in periods after the base year when the price of one good is rising quickly compared to other goods?
Aggregate Supply When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services need
Explain about the perfect competition according to economics theory. The procedure of testing and refining theories is the key to the development of modern economics like a sci
Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot
Inflation-Unemployment Trade-off under Adaptive Expectations : By the late 1960s, the inverse relation between inflation and unemployment as suggested by the Phillips curve was
Demonstrate mathematically that the equilibrium condition MRS PB PA is the equivalent of the utility-maximizing rule MU AP A MU B PB .
Critique on Earmarking Studying the working of earmarking in many OECD (organisation of economic cooperation and development) countries, Potter and Diamond (1999) pointed out
1. What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities? 2. What are
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