The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.
The call for a demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.
A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.
The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.
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Upward and downward changes in aggregate economic activity, as measured by GDP, are called Business cycles.
<h3>What is
Business cycles?</h3>
Business cycles can be regarded as the cyclical upswings as well as the downswings that is been used in in the broad measures of economic activity.
Therefore, Business cycles is Upward and downward changes in aggregate economic activity, as measured by GDP.
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Answer:
public education, fire protection, police services,
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C. Firms and workers will negotiate higher nominal wages to restore lost purchasing power. This shifts the SRAS curve to the left until the gap is eliminated at D.
Answer:
Explanation:
When an individual’s current money income exceeds his current consumption desires, hesaves the excess. Rather than keep these savings in his possession, the individual mayconsider it worthwhile to forego immediate possession of the money for a larger futureamount of consumption. This trade-off of present consumption for a higher level of futureconsumption is the essence of investment.An investment is the current commitment of funds for a period of time in order to derivea future flow of funds that will compensate the investor for the time value of money, theexpected rate of inflation over the life of the investment, and provide a premium for theuncertainty associated with this future flow of funds.2.Students in general tend to be borrowers because they are typically not employed so haveno income, but obviously consume and have expenses. The usual intent is to invest themoney borrowed in order to increase their future income stream from employment - i.e.,students expect to receive a better job and higher income due to their investment ineducation.3.In the 20-30 year segment an individual would tend to be a net borrower since he is in arelatively low-income bracket and has several expenditures - automobile, durable goods,etc. In the 30-40 segment again the individual would likely dissave, or borrow, since hisexpenditures would increase with the advent of family life, and conceivably, the purchaseof a house.In the 40-50 segment, the individual would probably be a saver since incomewould have increased substantially with no increase in expenditures. Between the ages of50 and 60 the individual would typically be a strong saver since income would continueto increase and by now the couple would be “empty-nesters.”After this, depending uponwhen the individual retires, the individual would probably be a dissaver as incomedecreases (transition from regular income to income from a pension).4.The saving-borrowing pattern would vary by profession to the extent that compensationpatterns vary by profession. For most white-collar professions (e.g., lawyers) incomewould tend to increase with age. Thus, lawyers would tend to be borrowers in the earlysegments (when income is low) and savers later in life. Alternatively, blue-collarprofessions (e.g., plumbers), where skill is often physical, compensation tends to remainconstant or decline with age. Thus, plumbers would tend to be savers in the earlysegments and dissavers later (when their income declines).5.The difference is because of the definition and measurement of return. In the case of theWSJ, they are only referring to the current dividend yield on common stocks versus thepromised yield on bonds. In the University of Chicago studies, they are talking about thetotal rate of return on common stocks, which is the dividend yield plus the capital gain or
