Economy, asked by imtiazhaider313, 6 months ago

define numerair good​

Answers

Answered by upendersingh5075
0

Answer:

numeraire good is any good (item) whose price is fixed as 1 so all other prices are in terms with the numeraire good.

Answered by nehagavale
1

Answer:

A NUMERAIR GOOD IS ANY GOOD(ITEM) WHOSE PRICE IS FIXED AS 1 SO ALL OTHER PRICES ARE IN TERMS WITH THE NUMERAIR GOOD.

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