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Actual income and Full employment income
Full employment income (Also called Potential National) is the national income that could be produced when the country's factors of production are fully employed. This concept is given the symbol YF. Actual national income, symbolized by Y, can be below or equal to YF and, by working resources overtime and otherwise harder than normal, it can occasionally rise above YF.
Occurrence of Stagflation Two possible theoretical explanations can be given for the occurrence of stagflation almost all over the world. The first explanation follows directly
Q. Explain about Concave Isoquant? If the isoquant is concave to origin it would mean that marginal rate of technical substitution is increasing. This behaviour is explained in
A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the community are $500,000 per year. If it produces with
Demand Function for Money In the Keynesian analysis , the demand for money is a function of the level of income and the rate of interest. According to Milton Friedman, the dema
The acme paper company lowers its price of envelopes (1000 count) from $6to $5.40.
Basic textbook models, such as the Mundell-Fleming model, say that capital inflow happens due to the domestic interest rate being higher than the world interest rate, and therefore
State the Fixed factor of production Input level of a fixed factor can't be varied in the short run. Capital falls under the category of fixed factor. Capital alludes to resour
distinguish between industry demand and firm company demand
Problem 1: Using the policy neutrality proposition, Illustrate and determine the effectiveness of applying counter-cyclical monetary policy to stabilise output around its long
iwant presentation on united postal services on social cost and benefits
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