At pointA, inflation is equal to the underlying rate of inflation and output is at the level of output consistent with the equilibrium unemployment rate. If the economy were at pointB, you would expect
When we are not at the equilibrium rate of unemployment, the rate of underlying inflation changes. Since we don't know what aggregate demand is doing, we can't meaningfully speak of excess supply or demand. Our presumption will be that aggregate demand and short-run aggregate supply are equal.
Which city in Brazil is set to host the 2024 Group of 20 (G20) Summit in July?
How much percent (%) share of procurement from MSEs out of total procurement made by Central Government ministries / departments or any PSU?
The Reserve Bank of India (RBI) has increased the maximum stake that promoters can hold in their banks to what percentage?
Which of the following is the largest lake in India?
During the Mauryan reign, which of the following provinces was considered as the gold mine hub in Karnataka?
Which of the following industries was NOT in Schedule A of Industrial Policy 1956?
Exercise MALABAR 2023 held between 11 & 21 August 2023 at which place?
Mulk Raj Anand is the author of _____________.
Which among the following soil is commonly used for bricks?
Find the next number in the given series:
13, 40, 122, 369, __?