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Expectancy theory has three components: expectancy, instrumentality, and valence. 1.Expectancy: effort → performance (E→P) 2.Instrumentality: performance → outcome (P→O) 3.Valence: V(R) outcome → reward
Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1...
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at chea...
In the case of cost-push inflation, other things being equal:
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
For which of the following consumption functions, the value of income multiplier, k=5?
What was the growth rate of India's industrial sector in 2023-24?
A neutral technological change __________
A labor-augmenting technological change has no effect upon the
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
In a situation when MRS>Px/Py, the consumer would react by: