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The correct answer is B
Vaccination dose by some individuals benefits the individuals around them by reducing the pace with which the disease spreads. This is an example of whi...
Comparative advantage is based on
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
Which of the following are characteristic of the ‘Accelerator Theory’ of investment?
C= 0.8(1-t)Y , t=0.25, I=200 and G=800. Calculate the change in output when tax rate increases to 0.50
Labour theory of value was propounded by
I. Adam Smith
...Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
According to John Maynard Keynes, which one of the following statements is correct for a closed economy operating at less than full employment level of ...
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
