Get Started with ixamBee
Start learning 50% faster. Sign in now
The Phillips curve gives the relationship between the country's inflation rate and its unemployment rate at a given set of inflationary expectations. An unexpected expansion of aggregate demand will reduce the rate of unemployment because wage and price setters do not increase wages and prices all the way to the new long-run equilibrium. In the long-run when workers and firms realize that aggregate demand has increased wages and prices will rise all the way and the Phillips curve will shift up to the point where the new inflation rate will be consistent with the natural rate of unemployment. Any expectation of an increase in the inflation rate will cause the Phillips curve to shift up; a higher rate of inflation will be consistent with each level of unemployment.
A certain sum amounts to ₹13000 after 4 years and to ₹16000 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ...
Anoop invested Rs. 'r', while Binny invested Rs. 15,000. After 7 months, Anoop reduced his investment by Rs. 3,000, and Binny red...
Mr. X invested Rs. 700 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 5% per annum an...
A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at a...
The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?
Simple interest earned on an amount of Rs.1600 at rate of R% per annum after 4 years is Rs.256. Find the simple interest earned on an amount of Rs.1800 ...
1120 becomes 1792 at a certain rate of simple interest in 10 years. If the rate of interest would be 4 % less, then find the amount at the end of 12.5 y...
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
A man deposited Rs. 12000 at 10% compound interest, compounded annually while Rs. 10500 at 13% simple interest per annum. What will be the difference be...
The simple interest earned on a certain sum after 6 years at 17% p.a. is Rs. 10,200 more than the simple interest earned on the same sum after 3 years ...
