In the Classical model, what is the shape of the Aggregate Supply (AS) curve in the long run, and why?
In the Classical model, the long-run AS curve is vertical. This is because the Classical economists believe that output is determined by the supply of factors of production (labor, capital, and technology) and not by the price level. Prices and wages are flexible, and the economy is always at full employment. Therefore, changes in the price level do not affect the total output in the long run.
The World Bank has approved a _______ loan to assist India in raising the standard of its technical education and expanding the number of jobs prospect...
ADB has provided a USD 100 million loan to which state government for improving urban services and tourism facilities & improving urban governance and f...
What was the total forest cover in India according to the India State of Forest Report (ISFR) 2021?
Which of the following firm recently released India’s Purchasing Managers’ Index (PMI)?
Which financial institution became the first major Indian bank to sign the Partnership for Carbon Accounting Financials (PCAF)?
_________ has entered into a definitive agreement with Aegon India Holding and Bennett, Coleman & Company for the acquisition of the entire sharehold...
What is the core aim of the National MSME Cluster Outreach Programme launched by Union Finance Minister Nirmala Sitharaman?
Consider the following statements about De Winton’s Golden Mole :
1. It is an elusive blind mole that "swims" through sand, lives in inacc...
Which edition of International Film Festival of India will be held in 20 November 2022?
At the 2024 Paralympics, Manisha Ramadass won a bronze medal in which sport?