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Functional finance is an economic theory proposed by Abba P. Lerner. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation . The principal ideas behind functional finance can be summarized as: •Governments have to intervene in the national and global economy; they are not self-regulating. •The principal economic objective of the state should be to ensure a prosperous economy. •Money is a creature of the state; it has to be managed. •Fiscal policy should be directed in light of its impact on the economy, and the budget should be managed accordingly, that is, 'balancing revenue and spending' is not important; prosperity is important.
The speed of a boat in still water is 8 km/hr and speed of current is 3 km/hr. If time taken to cover a certain distance upstream is 11 hours, then how ...
A Submarine undertakes a journey, covering a distance of 44.8 km against the current in precisely 2 hours and 48 minutes. The challenging task at hand i...
The speed of a boat in still water is 20 km/hr. If the boat covers 90 km in upstream in 9 hours, then find the time taken by the boat to travel 150 km i...
A boat can cover 120 km in upstream in 6 hours and 180 km in downstream in 3 hours. Find the speed of the stream.
Speed of a boat in still water is three times the speed of the boat in upstream. If the boat takes 20 minutes to cover 20 km in downstream, then find th...
The ratio of the speed of boat in upstream to speed of boat in downstream is 7:9. If the boat can cover a total of 70 km upstream and 144 km downstream ...
A boat travels 48 km downstream in 4 hours and 24 km upstream in 6 hours. What is the speed of the boat in still water?
A man can row at 4 kmph in still water. If the velocity of current is 2 kmph and it takes him 5 hour to row to a place and come back, how far is the place?
A submarine can travel a certain distance downstream in 4 hours and the same distance upstream in 8 hours. If the submarine's speed in still water is 12...