1) According to Laffer curve what would be the impact of tax rates on tax revenues? 2) Given an example, calculate the real growth in a year. 3) Given an example, know how a person is measuring the GDP for a year. Hint: Whether this person is using real values or nominal values. 4) What is the impact of […]
1) In an example, given real income and CPI index, be able to calculate the real income. 2) Know what happens to the price and demand for substitute and compliment products. 3) Given an example, figure out the Net National Product. 4) Be able to identify what is considered an investment component of GDP. 5) Given statements, be able to […]
1) Know about Full Employment2) Know the concepts of Supply and Demand 3) When would Excess demand happen in a market 4) Given an example be able to state what has happened to the supply and demand curves and the equilibrium price and quantity during a particular time period 5) Given a graph of the Demand and Supply curves in […]
1) Know the example of different types of unemployment 2) Relationship between Inflation and the Economy. Also, know when inflation interferes with real wages. 3) Study Fiscal policy 4) How GDP gap increases and shrinks 5) What are examples of contractionary fiscal policy? 6) As per Keynesian Theory, what policies can correct inflation and unemployment in the economy? Looking for […]
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