Money – Inflation – Employment MCQs | Economics
Money – An officially-issued legal tender used as a medium of exchange, usually through currency notes and coins.
Money – An officially-issued legal tender used as a medium of exchange, usually through currency notes and coins.
Public finance – It studies the income and expenditure of the public authorities and deals with the adjustment therein.
Economic growth is a long-term expansion of a country’s production potential. Economic growth is seen as a more permanent increase in what output the
Multiplier effect – The number by which a change in investment must be multiplied to result in the final change of total output.
Total spending made by the household sector at a given level of income is called consumption. Whereas, the functional relationship between savings
Macroeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services.
Economic analysis examines cost behaviour over different timescales. These include: Short run, Long run, Very long run.
Ordinal measures of utility – With ordinal measures, an individual is observed preferring one choice to another. An ordinal measure of utility ranks