MONEY MARKET EQUILIBRIUM

DEMAND FOR MONEY Money market equilibrium is determined by demand and supply of money. The function form of demand for money is- m^d=F( P, Y, i) where m^d stands for money demand, P stands for price level, and i stands for rate of interest. (m/P)^d = F ( Y , i ) Demand for money …

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Manmohan Singh

Manmohan Singh Famous as: Economist, Prime Minister Birth Date: 26th September, 1932 AD Nationality: Indian INTRODUCTION Manmohan Singh is an important Indian Economist and politician of India. He also served as the Prime Minister of India from 20014 to 2014. Manmohan Singh is the first Sikh in office and also the first Prime Minister since …

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BASIC INDIFFERENCE CURVE ( ECONOMIC GOODS)

INDIFFRENCE CURVE An indifference curve represents different combinations of two goods that provide same level of satisfaction or utility. Furthermore, it means along the indifference curve utility remains constant. Assumptions All the commodities we consider are economic goods. Transitivity – if the consumer is indifferent between X and Y and consumer is indifferent between Y …

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KARL MARX : MARXISM BASICS

Karl Marx karl marx Born on: 5 May, 1818 Died on: 14 March, 1883 Nationality: Prussian Famous as: Philosopher, Economist, Journalist and Sociologist About Him? Karl marx was a Prussian born philosopher, journalist, economist, sociologist and a revolutionary socialist. Marx’s theories about economics, society, and politics, which are collectively known as Marxism. Marxism holds that …

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