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Two bodies P and Q on a perfectly smooth horizontal surface are connected by a light cord.The mass of P is greater than that of Q.A horizontal force is applied to Q as shown in the figure,accelerating the bodies to the right.
The magnitude of the force exerted by the connecting cord on body P will be
Aggregate-demand Curve
A graphical representation showing the relationship between the overall price level in an economy and the total demand for goods and services at that price level.
Liquidity Traps
A situation in which monetary policy becomes ineffective because people hoard cash instead of spending or investing due to expectations of adverse events.
Central Bank
A central bank is the national financial authority responsible for overseeing the monetary system, managing currency supply, and aiming to maintain economic stability.
Lower Bound
A minimum level, often referring to the lowest interest rate that can be effectively implemented by central banks.
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