Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Illustrate the Says Law?
With Say's Law, aggregate demand would always be equal to aggregate supply and cross model would be incorrect.
Keynes's argument as to why Say's Law doesn't apply can be explained in the cross model. According to Say's law, supply creates its own demand. When supply increases, income increases and a higher income creates an equally large increase in demand. Firms and households are stimulated to a higher demand by cuts in real interest rates. Higher aggregate supply will lower the real interest rate and investment and consumption will increase. According to Say's Law, r will fall to the level where total increase in C and I is exactly as large as increase in aggregate supply.
According to Keynes and cross model, this won't happen. When Y increases, C will increase however not as much as Y (and I will not change at all). Aggregate demand won't increase as much as aggregate supply and Say's Law will fail.
Project feasibility study is needed to make a decision whether the project proposal is technically and economically possible. After finalization of the project feasibility report b
Minimum wage laws are common in many countries. The debate over minimum wage includes claims about the impact of this action on employment levels and wage levels. What impact does
As people went from barter societies to more advanced economies, money had to be invented. Several things successively served as money in the course of economic evolution. Arrowhea
1. To assess your ability to conduct quantitative data analysis and interpret the results of data analysis introduced inForecasting Trend. 2. To assess your ability to communicate
Including different interest rates with different maturities would complicate the models however it wouldn't buy you very much. Because interest rates with different maturities are
When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of it
what are the three motives of holding money?
Face Tree manufactures artificial trees and flowers. There are about 100 workers who do the routine assembly work for pay ranging from $8 per hour to $15 per hour. They work in two
Equilibrium in Money Markets Having dealt with the forces that determine the supply of money and demand for money, let us combine supply of and demand for money to determine eq
How can we answer in Economic terms this questions: Why should the government consider to increase tax on cigarette
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd