Question
The theory which states that exchange rates between
currencies are in equilibrium when their purchasing power is the same in each of the two countries, isÂSolution
The alternative to using market exchange rates is to use purchasing power parities (PPPs). The purchasing power of a currency refers to the quantity of the currency needed to purchase a given unit of a good, or common basket of goods and services.
When exchange rate in terms of domestic currency rises:-
Which of the following best describes the short-run Aggregate Supply (AS) curve in the presence of sticky wages?
The process of converting securities (like shares) from physical form to electronic form is managed by a:
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.10?
Consider the following demand curve Q=100-P in a Duopoly where in A firm is the leader and the B firm is the follower. The Marginal cost given as 20. W...
Demand function for two commodities was given as below. Which of the following options are correct? Q1= A1(Px1)-0.5 (Px2)0.2 Q2 = ...
India’s CO2 emissions in last decade?
An employee has a basic pay of Rs. 12000 and a D.A. of 12% in 1997. If the employee should get a 5% rise in real income each year, what should be the DA...
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
Ramsay retest is used for
