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Q. Define Nominal wages?
The nominal wage is wage per unit of time in the currency used in the country- what we usually just call wage. When we mention wage in macroeconomics we almost always mean gross wage, which is, wage before income taxes though after employment taxes paid by the employer. Wage is a flow which we typically measure in units of currency per hour.
if the price elasticity of demand is computed for two products, and product A measures .79 , and product B measures 1.6 , then ? a. product A is more price elastic than product
The following is the information from the national income accounts for a hypothetical country: GDP
if govtment face cost push inflation which policy govtment should take to control inflatoin?
HOW TO GET THE REVENUES AND EXPENDITURES AS A PERCENT OF GDP?
Roles of government in controlling market forces under neoclassical view
What is top marginal rate of taxation?
Q. Describe the macroeconomic variables? In this section we have summarizes all the macroeconomic variables. The first column denotes the symbol we use for variable whereas col
discus the various measures that may be taken by a firm to counteract the evil effect of a trade cycle
what is the meaning of the credit multiplier in the monetary sector
what is the supply side
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