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Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle.
Definition of automatic stabilisers as built-in to the system in terms of transfer payments (unemployment/welfare advantages) and a progressive taxation system. Define the effects on AD during phases of the business cycle.
Hi, I am taking an economics course. I have a problem where I am given 2 types of units with the same production rate and the labor used to produce those units. I am supposed to c
Contribution of Foreign Trade to Economic Development: Foreign trade contributes to economic development in a number of ways. • It provides flow of technology which al
Functions of the IFC: The purpose of the IFC is to further economic development by encouraging growth of private enterprise in member-countries. The IFC, therefore: • inv
Is Indian companies running a risk by not giving attention to cost cutting
who proposed the law of chemical combinations?
Protection against dumping: It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice
How does production possibility curve help solve central problems?
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
Nonmetals tend to gain electrons. A-Metals tend to lose electrons. B-Atoms have the natural tendency to C-fill their outermost shells. All of the above. D-
What types of external economies generates the output which reduces the costs of the firms in it? The chief example of external economies provided by marshal are (i) improved
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