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Q. What do you meant by Monetary Targeting?
Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy tool used by strict monetarists. This policy approach failed in 1980s, when it became clear that supply of money couldn't be directly controlled by a central authority.
Illustrate the measurement of inputs and outputs in production technology? Measurement of Inputs and Outputs in Production Technology This is generally most satisfactory to
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What are the advantages of leaving the allocation of a countrys resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or pr
discuss utility
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
defin giffen goods?
Fiscal Policy Fiscal policy refers to the management of government spending and tax policies to influence total desired spending so as to achieve the desired level of economic
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What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p
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