Supply of money refers to quantity of money:
(a) As on 31st March
(b) During any specified period of time
(c) As on any point of time
(d) During a fiscal year
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Name the physical quantity whose S.I. unit is JC-1. Is it a scalar or a vector quantity?
Electric potential. It is a scalar quantity.
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There are three identical firms in a market. The following table shows the supply schedule of firm 1. Calculate the market supply schedule.
Price SS1 (units) SS2 (units) SS3 (units) Market Supply = SS1 + SS2 + SS3 0 0 0 0 0 1 0 0 0 0 2 2 2 2 6 3 4 4 4 12 4 6 6 6 18 5 8 8 8 24 6 10 10 10 30 7 12 12 12 36 8 14 14 14 42
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Which of the following measures would result in an increase in the money supply in the economy?
(c) 1. Purchase of government securities from the public by the Central Bank 3. Borrowing by the government from the Central Bank
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A rise in general level of prices may be caused by 1. an increase in the money supply
(d) General Price rise may be caused by an increase in the money supply as the real value of the money reduces. The higher aggregate price level will reduce the...
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Supply of money remaining the same when there is an increase in demand for money, there will be
(c) The quantity of money demanded is inversely related to the interest rate.
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A “closed economy’’ is an economy in which ? (a) The money supply is fully controlled.
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What will be the effect on equilibrium price and quantity if supply curve shifts rightward
The equilibrium price will reduce and equilibrium quantity will increase.
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What is the price elasticity of supply associated with a straight line supply curve passing through the origin?
Price elasticity of supply is equal to unity, if a straight line supply curve passes through the origin.
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Price elasticity of supply of a good is 0.8. Is the supply elastic or inelastic? Why?
Supply is elastic because supply of a good is more than one.
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What is Perfectly Elastic Supply? When price falls by Rs.2 per unit, supply falls from 100 units to 80 units.
Es = P/Q x ΔQ/ΔP = P/100 x -20/-2 = 400/20 = Rs. 20
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