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What is the Macroeconomics?
Macroeconomics is study about the aggregate behavior of the economy like how the actions of all the individuals and firms within the economy interact to make a particular level of economic performance overall.
Illustration: Overall level of prices within the economy (how low or high they are relative to prices previous year) quite than the price of a particular good or service.
State the example of price and price level Create a basket which contains all the goods sold by a specific store on a specific day. Price of this basket is then a price level -
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Distinguish demand pull, cost push and imported inflation using graphs where appropriate. What are the likely causes of current inflation in Australia? Answer Co
The availability of credit and hire purchase facility tends to push up the demand for consumer durables. In India for consumer durables lie Refrigerators television scooters etc, h
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
unemployment is voluntary, discuss in view of the classical economists and the keynesian
Determine the Returns to Scale Use the following production function and budget constraint to answer the questions below. Q = L + K 1000 = 2L +
an explanation of the meaning of price ceiling
how can I execute this topic in new way of teaching? That will focus on activity base and art of questioning that will answer by the students?
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