Question
Solution
The new equilibrium income is Y*=1115/1.4=796.4 The change in equilibrium income is less than the shift of the IS curve. This is because of the crowding out effect of investment: rising interest rate reduces the investment and hence reduces the aggregate income.
What is the upper limit for loans provided to small entrepreneurs under the Pradhan Mantri Mudra Yojana?Â
"Shoolini Fair" is celebrated in which Indian state?
The headquarters of CSIR is located in:
India participated in the 44th session of the Codex Committee on Nutrition and Foods for Special Dietary Uses (CCNFSDU) in which country?
At the Paris Summer Olympics, in which event did Swapnil Kusale win his first Olympic bronze medal?
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The Hemis National Park is located in-