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Macroeconomics focuses on the following units in an aggregative manner
If demand function for a product is Qd = 30 - 4P, and the price and quantity of products is 4 and 14 respectively. What is the price elasticity of demand for the product?
An increase in nominal income without increase in price will result to
Identify one of the following which can NOT be used to close deflationary gap
The decision to consume more of one product under normal circumstances will apply
Indicator of underdevelopment is
Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
Part-time workers who desire full-time employment are:
An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________
The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is
Public corporation is financed with
One major criticism of foreign aid to developing countries is that it
The following are economic agents in any economy EXCEPT
The term 'investment' in macroeconomics means
If commodities X and Y are substitute, their cross elasticity of demand will be
Which of the following is an example of expansionary monetary policy by the Central Bank of Nigeria?
The demand for money will fall if
The law of supply states that, other things being constant, as price increases
An increase in money income with constant price results in
Among all the determinants of economic growth, the most important one is