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Q: The unemployed increases how affect the pp curve?
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What does PP mean in real estate?

PP in real estate usually refers to Purchase Price


What is the basic measure of a nation's economic growth rate?

percentage change of real GDP over a given period of time


What is a Functional Demand?

By functional demand is meant that part of the demand for a commodity is due to the qualities inherent in the commodity itself.On the contrary, non-functional demand is meant that portion of the demand for a consumers' good is due factors other than the qualities inherent in the commodity.For more details on non-functional demand and external factors that influence non-functional demand see:H. Leibenstein, 'Bandwagon, Snob and Veblen Effects in the theory of Consumer Demand', Quarterly journal of Economics(1950), pp. 183-207


Relation between Domestic saving domestic investment and net exports in the economy?

The national account: Y = C + I + G + (X-M) rearrange that equation 1) Y-C = I + G + (X - M) We also know that the income (Y) of a country can be a measure of income, so: Y = C + T + S OR 2) Y - C = T + S By substituting the equation 2 into equation 1, we get: T + S = I + G + (X - M) and rearrange this formula into: (X - M) = T - G + (S - I) so the higher the saving, the higher the net export, and vice versa. (Taken from: Miles and Scott, 2002, "Macroeconomics: Understanding of Wealth of Nations", pp. 479-480)


What is the relationship between the purchasing power of money and the rate of inflation?

Purchasing power of a money is --> For X amount of money u can buy A mount of goods, Inflation is ---> General price rise in commodities Rate of inflation ---> the increase/decrease in inflation is subsequent years. So, naturally, If rate of inflation is high PP of money will go down B'cuz, Price of products are high, the power of ur money to buy them comes down So, PP of money and Rate of inflation is inversely related..