Question
For goods x1 and x2 with prices P1 and P2, if
dx1/dP2 is positive then,Solution
For substitutes, if price of one good increase the demand for the other good increases and vice-versa.
Which of the following fiscal measures will have the most expansionary effect on aggregate demand?
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
What is the variance of first n natural numbers
The substitution effect for a commodity is
In a monopolistically competitive market, firms earn zero economic profit in the long run primarily because of:
In a situation when MRS>Px/Py, the consumer would react by:
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement isÂ
I f Rs. 10 crores are invested in public works and MPS is 0.25, then the increase in income would be
Money Multiplier is always
The costs of inflation are?