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the amount of goods and services actually being sold in a nation
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Questions & Answers
Being unemployed is a person who is able to work but not finding a job
Being out of labor force is a person who isn't able to work
Explain the differences between aggregate demand shocks and aggregate supply shocks
what are the measures being taken to reduce inflation in LDCs
increase level of production,reduce rates of tax charged
mashauri
Microeconomics can simply be refers to as the study of a unit economy while macroeconomics can be regarded as a study of economy as a whole or aggregate economy of a country.
Full employment
price stability
economic growth
Hamzat
using geometry, discuss the four interrelated flows in the circular flows of income
Demand refers to the quantity of a commodity that one can buy supported by the willingness and the ability to buy
Which of the following are assets of the Federal Reserve?
a. Treasury bills held by the Federal Reserve
b. cash in circulation
c. Loans made by commercial banks
d. the reserves of commercial banks at the Federal Reserve
what are the four functions served by money
It serves as a medium of exchange
Zaharaddeen
It serves as a store of value
Zaharaddeen
It serves as a unit of account
Umar
It also serves as a standard for Differed Payment.
Umar
Acts as a measure of value.
Humphrey
Hey, I am a new member.
Abdul
Hello i want your help if there is someone online
Athumam
how are you doing
Athumam
what is balance of payment deficit
Athumam
A nation or region, which is deficit in exports, and Imports more goods and services and for the payment for imports, it must be borrowed from other states or Nations. mostly, between countries.
Prem
Pls Wat ar D Factors to Consedered To Saving
IBRAHIM
Hello guys how are you doing
Tantoh
I will say a balance of payment deficit is when a country import more goods,services and capital than it export.The country most borrowed from other countries to pay for it imports.
Tantoh
can anyone tell me that why in the income and consumption curve the income is on x axis?
why inflation in double digit is not good for economy
what is mean by zero inflation
Obaid
some time it is good but some time it is not...
bechar
the condition of that economy tell you. is it good are bad?
bechar
the definition of the law of demand
law of damand states all else remains constant or what we can say is ceteris peribus,quantity demanded for a commodity extends with fall in price and vice versa.
law of demand explains inverse relationship between price and qua ntity demanded
Gaurav
What is demand and supply
Demand refers to how much of that product, item, commodity, or service consumers are willing and able to purchase at a particular price. In other words, supply refers to how much the producers of a product or service are willing to produce and can provide to the market with limited amount of resou
Husna
what is gdp per capital and why it is used for?
gross domestic product
prince
gdp per capita is the gross domestic product per person (GDP/population) and is a better indicator of economic health and living standards than GDP alone.
Gina
please explain shift in production possibility curve
Kobby
advances in technology can cause a shift in the ppf because output can increase with use of the same amount of resources (laborers can produce more efficiently, and suppliers are willing to sell more)
Gina
but equally natural shocks ie earthquakes or war can move the ppf inward so reducing production capicity
jax
Source:
OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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