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How does the nominal and real values of things affect the aggregate behavior of a society?
In economics, the nominal values of something are its money values in different years
Draw a circular flow model of economics?
Draw and explain circular flow model
Realflow vs moneyflow in a two sector circular flow model?
real flow of economics activities
What use is the concept of perfect competition in business economics?
circular flow
In economics while drawing PPC graph money flow is?
Outer loop.
What is the difference nominal cash flow and real cash flow?
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
What are the nominal variables in economics?
Variables measured in monetary units
How does the nominal and real values of things affect the aggregate behavior of a society?
In economics, the nominal values of something are its money values in different years
Draw a circular flow model of economics?
Draw and explain circular flow model
Realflow vs moneyflow in a two sector circular flow model?
real flow of economics activities
What use is the concept of perfect competition in business economics?
circular flow
In economics while drawing PPC graph money flow is?
Outer loop.
In economics while drawing PPC graph real flow is?
Inner loop.
What is a system flow chart?
A system flow chart is widely used in economics. It typically represents a workflow, or an algorithm with a solution to a problem.
What does the classical dichotomy in economics state?
In macroeconomics, the classical dichotomy refers to an idea attributed to classical and pre-Keynesian economics that real and nominal variables can be analyzed separately. To be precise, an economy exhibits the classical dichotomy if real variables such as output and real interest rates can be completely analyzed without considering what is happening to their nominal counterparts, the money value of output and the interest rate.
What are the examples of flow variables in economics?
Labour is a variable,Population,Stock etc are variables
Circular flow of economic activity?
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
