Linseed or flax plant is used for both oil extraction as well as for fiber.
Which of the following statements is incorrect regarding Phillips’s curve?
In the standard IS-LM model, an increase in Government spending (G) without changing taxes has
If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-...
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
A decrease in the tax to GDP ratio indicates which of the following:
Slowing economic growth rate
...Holly, Brian, Fred, Tracy, and Melanie have income elasticities for veggie burgers as given below:
Person Income elasticity ...
Identify the order of chronological development of the theory of demand.
a. Marshall’s theory of demand
If some individual gets Rs. 3000 as her wage on the first day of every month and if she spends exactly Rs. 100 every day and exhausts all her money by t...
