Question
Which one of the following statements about the Cripps
Mission is not correct?Solution
The Cripps Mission was a failed attempt in late March 1942 by the British government to secure full Indian cooperation and support for their efforts in World War II. The mission was headed by a senior minister Stafford Cripps. Under the Cabinet Mission Plan of 1946, elections were held for the first time for the Constituent Assembly. The Constitution of India was drafted by the Constituent Assembly, and it was implemented under the Cabinet Mission Plan on 16 May 1946.
Purchasing Power Parity (PPP) theory suggests that exchange rates will adjust to offset differences in:
An indirect utility function
Within a country, the domestic price of a product will equal the world price if
Consider a Solovian economy with the aggregate production function Yt  = K1/2l1/2 ​ . The initial size of the population is 100...
The process of converting securities (like shares) from physical form to electronic form is managed by a:
For an economy, if C = 400 + 0.8Yd, Yd = Y − T, T = 300 + 0.2Y , find MPC.Â
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
According to monetarists view, in the long-run, the Philips curve
 Which method is used by Hicks to eliminate the income effect when price of a product is changed