Which of the following is correct relating to acceptance?
Section 7. Acceptance must be absolute: In order to convert a proposal into a promise, the acceptance must— (1) be absolute and unqualified; (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted. If the proposal prescribes a manner in which it is to be accepted, and the acceptance is not made in such manner, the proposer may, within a reasonable time after the acceptance is communicated to him, insist that his proposal shall be accepted in the prescribed manner, and not otherwise; but if he fails to do so, he accepts the acceptance.
A government recently introduced the Policy mix of Monetizing Budget deficit to revive the economy. Using the IS-LM framework, the impact on Output and ...
Non-spherical errors are related to
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidie...
If interest payments are subtracted from gross fiscal deficit, the remainder will be
Which of the following statements about graphs of short-run cost curves is false?
Money multiplier equals:
Transaction demand for money, Mt = 0.5Y. Speculative demand for money, Msp = 100 – 250 i
Money supply Ms = 300
LM equation from the a...
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
The level of current inflation is 9% and inflation for the previous year was 6%. The strength of the effect of unemployment on the wages is 2. Calculate...
In which of the following case , the production cost curves shifts upward?
