Choose the one which best expresses the meaning of the given word .
Frugal
Frugal refers to sparing or economical with regard to money or food, best expressed as "Economical."
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
If demand is price inelastic, then
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidie...
A decrease in the tax to GDP ratio indicates which of the following:
Slowing economic growth rate
...A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
For which of the following consumption functions, the value of income multiplier, k=4?
A monopoly firm has the following demand and cost function
Q = 50-P
Total Cost = 20 + 2Q + 3Q2
Government imposes an exc...
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the ...
The primary deficit in a government budget will be zero, when _______
In the context of the Classical model, which of the following would cause a shift in the long-run aggregate supply curve (LRAS)?
