Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Describe about Price level and time?
We are hardly interested in the value of price level at a certain point in time. What we are interested in is percentage change in the price level between two points in time.
We evaluate the percentage change by first creating a basket of services andgoods. At regular intervals (generally once a month on the first day of the month) we measure all prices of the contents of the basket (characteristically as an average of the market) and evaluate the price level. In this way, we would end up with a time series of price levels - one value for each month.
Using this time series we can study how price level progresses over time. If all prices rose by 2% during one month, price level would rise by exactly 2%. If one of the prices rose by 2% whereas the other prices remained unchanged, price level would rise, though by much less than 2%. Exactly how much it would rise will depend on the weight of changed price.
Imagine that we have created a particular basket of services and goods. We evaluate the price level at 4 different points in time during 2008 without changing content of basket (weights are unchanged). Assume that we find the below time series for the price level:
Point in time
Jan 1, 2008
Feb 1, 2008
March 1, 2008
April 1, 2008
Price level
60 770
62 400
62 850
An economy's IS and LM curves are given by the following equations: with Y indicating output (income), c indicating the marginal propensity to consume, I investment, G gove
An advantage of observing statistics from this range is that it encapsulates both positive and negative performances of the economy helping to produce a much more accurate insight
Using a short-run Phillips Curve, illustrate the change in inflation and unemployment resulting from the increase in profit expectations.
Q. Explain about Citrinin fungi? Penicillin citrinum, P.viridicatum and some other fungi produce this mycotoxin. It has been recovered from polished rice, moldy bread, country
List of major emerging-market economies To determine if the UK is to benefit from growth of emerging-market economies in the future, it should start exporting goods and specif
Examine the efficiency of quanttitative credit control instrument
In your answer, discuss the Federal Reserve's use of open-market operations to influence the money supply and the respective consequences of such actions. Include a discussion of t
What are the pros and cons of monetization of public debt
Robert's New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for t
The LM curve The LM curve shows all combinations of R and Y, where the money market is in equilibrium. The LM-curve slopes upwards. Mone
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd