For a positively sloped LM curve, which of the following statements is CORRECT?
The velocity of money is
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Calculate national income from the following data:
For fixed proportion production function, the elasticity of substitution is
For a monopoly firm, which of the following equalities is always true?
GDP at market price is given by?
The level of current inflation is 9% and inflation for the previous year was 6%. The strength of the effect of unemployment on the wages is 2. Calculate...
An economy’s output in year 0 is 10 percent below its maximum potential output and the maximum potential output steadily increases at the rate of 5 pe...
