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India's trade deficit has risen by almost 88% in financial year 2022. While total exports increased, imports too soared to a great extent. Analyze the impact of this trade deficit on the balance of payments as well as the exchange rate of the economy and...

Explain why, in the condition for equilibrium, aggregate demand equal aggregate supply would be same if we say total leakages must equal to total injections....

Social dilemma: Consider a strategic interaction, in which the US and the EU have the choice to Restrict their greenhouse gas emissions or continue with Business-As-Usual (BAU). The players' payoffs (measured in thousands of dollars per capita) for the four possible outcomes are listed in...

Hospitality industry - Accommodation and food services.   How many people are involved in the industry? What kinds of roles or professions do they have? How has this industry grown or changed since it was first established? What areas or roles are available in this industry for people with different...

The effect of reduced transportation and communication costson economic development   1. Which innovative products contributed to a huge reduction in transportation and communication costs in the 1950s? Check all that apply.   The refracting telescope A steam-operated engine The standardized steel container The jet engine     2.Which of the following accurately describe the...

Social dilemma: Consider a strategic interaction, in which the US and the EU have the choice to Restrict their greenhouse gas emissions or continue with Business-As-Usual (BAU). The players' payoffs (measured in thousands of dollars per capita) for the four possible outcomes are listed in...

The federal government increases spending on national defense. On the following graph, indicate the short-run and long-run effects of this change on the economy, assuming policymakers take no further action.             Aggregate DemandAggregate SupplyLRASPrice LevelQuantity of OutputAggregate Demand   Aggregate Supply   LRAS   In the short run, the price level    and output In...