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What is main difference between nominal money supply and real money supply?
Real money supply is the supply of real money in the economy. Real money is supplied considering the income level and actual return on investment prevailing in the market. In contrast, nominal money supply is the controlled money supply which is controlled by the SBP by its various instruments.
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ
how the increase in price will affect consumer''s ability to maximise satisfaction?
Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta
Functions of the WTO: The WTO performs the following functions: • It administers through various councils and committees the 29 agreements contained in the final act of
Hi I need help with elasticity. I think the problem has already been posted to your site.
Dynamic Changes in Costs: The Learning Curve * The learning curve measures impact of worker's experience on costs of production. * It describes relationship between a firm
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
How does the indifference curve and budget line for a neutral good look like?
What is third degree price discrimination? Explain with case analysis,give two successful & unsuccessful cases of 3rd degree price discrimination.
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
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