macroeconomics

BECC-134 Solved Assignment 2024 | PRINCIPLES OF MACROECONOMICS – II | IGNOU

Explain the causes and effects of inflation. Expert Answer Causes and Effects of Inflation Inflation, defined as a sustained increase in the general price level of goods and services in an economy over a period of time, can be caused by various factors and has wide-ranging effects. 1. Causes of Inflation a. Demand-Pull Inflation: – …

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BECC-133 Solved Assignment 2024 | PRINCIPLES OF MACROECONOMICS – I | IGNOU

Explain the changes in the consumption function when government sector is introduced in the National income model. Expert Answer Impact of Government Sector on the Consumption Function in the National Income Model The introduction of the government sector in the national income model significantly alters the consumption function. This change is primarily due to government …

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