Question
At point A, inflation is equal to the underlying rate
of inflation and output is at the level of output consistent with the equilibrium unemployment rate. If the economy were at point B, you would expectSolution
When we are not at the equilibrium rate of unemployment, the rate of underlying inflation changes. Since we don't know what aggregate demand is doing, we can't meaningfully speak of excess supply or demand. Our presumption will be that aggregate demand and short-run aggregate supply are equal.
According to an official spokesperson, polling was held amid tight security arrangements in 29 municipal councils and panchayats (over the State).
The Laffer curve, though a subject of ingoing debate A. , suggests that there exists an optimal tax rate at which B. tax revenue is maximized, beyond w...
Directions : In the question below, two sentences with one word in each highlighted in bold. From the options, choose the one that can replace the high...
The government has no choice than to curtail the subsidies in order to curtail fiscal deficit.
Below are given some sentences (1), (2), (3), (4) and (5). All the sentences represent the same idea expressed in different ways. You have to choose th...
"An interview after the campaign ends (is the normal) for every candidate and every campaigner in every election," he said.
Select the correctly punctuated sentence from the options below.
 Select the option that best conveys the original sentence's meaning and in a grammatically correct way.
The economic downturn, coupled with r...
Add suitable question tags to the following statements from among the choices given below them:Â
Myna ran her bicycle over a colony of ants, _...
We have been living in this house _______ 1965.
