In the long-run, potential GNP is variable because.
...In the long-run, potential GNP is variable because.
I technological change takes place
II the quantity of labour and capital is not fixed
III. unemployment is not constant
I only
II only
I and II only
I and III only
III only
Correct answer is C
No explanation has been provided for this answer.
Commercial bank reserves at the Central Bank have the effect of ...
Air is essential to life but commands no price! Diamond is not essential to life but commands a h...
Occupational distribution of population is mainly influenced by ...
A distribution is said to be positively skewed, if it ...
The total revenue of the firm is represented by ...
Total revenue can be obtained by multiplying ...
One way to solve the economic problem of inflation in a country is by increasing the ...
Gross Domestic Product (GDP) at market price plus net factor income from abroad gives ...