Question
In the Classical model, what is the shape of the
Aggregate Supply (AS) curve in the long run, and why?Solution
In the Classical model, the long-run AS curve is vertical. This is because the Classical economists believe that output is determined by the supply of factors of production (labor, capital, and technology) and not by the price level. Prices and wages are flexible, and the economy is always at full employment. Therefore, changes in the price level do not affect the total output in the long run.
On a bill of exchange payable at a fixed time after date, the period of limitation begins to run
What is the composition of Adjudicating Authority under Prevention of money laundering act
A Private company can issue shares through___________
Which section of the SC(R)A Act deals withs the provisions of title to dividends?
The Adjudicating Authority under PMLA is appointed by:
The experience required to be appointed as Special Public Prosecutor is
What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?
As per the Negotiable Instruments Act the presumption under section 139 is relating to the issue of the cheque for the discharge of any debt is in favo...
What is the quantity of food grain that is provided to every person belonging to priority households under the Targeted Public Distribution System as p...
A Red Herring Prospectus does not the include information related to __________
