Question
What are the constituent metals of the alloy known as
'German Silver'?Solution
Despite its misleading name, German silver, or nickel silver, contains no actual silver but is an alloy composed of copper, nickel, and zinc. The properties of these metals provide durability and a silvery appearance, making the alloy popular for various decorative and functional uses.
An increase in the expected rate of inflation
Economists generally believe that making assumptions is
The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:
If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
Â
Under Monopoly the supply curve is absent because?
Opportunity cost version of comparative cost advantage doctrine was introduced by
If a country’s nominal GDP is constant, then which of the following statements about it would be correct?Â