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I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
Of 10 computer chips, 4 are defective. What is the probability of selecting 3 without replacement, only one of which is defective?
When the expected future marginal product of capital increases, then the IS curve
Which of the following statements is NOT CORRECT in the context of an Open Economy IS-LM Model under Floating Exchange Rate (with fixed price) and Perfe...
From the following, who first examined the close negative relationship between the unemployment rate and the output ratio?
The Phillips curve shows the trade-off between ----- and -----?
The Fisher Effect assumes that the
A worker’s wage in 1996 was Rs.180. What should be the wage in 1999 so that the worker remains at the same level of consumption? [Consider 1995 as the...
Country A can produce 10 units of cloth or 5 units of wine in a day. Country B can produce 6 units of cloth or 4 units of wine in a day. Which country ...
In the regression specification y = α + βx + ε
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
