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puteri [66]
1 year ago
15

A schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each po

ssible price level is called
Business
1 answer:
Wittaler [7]1 year ago
7 0

Aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

<h3>What is Aggregate demand?</h3>
  • Refers to the summation of goods and services that an economy produced at an available price.
  • Aggregate demand is concerned with the finished goods in an economy
  • Government expnses on education funding for example increases aggregate demand.

Hence, we can conclude that aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

Learn more about aggregate demand here : brainly.com/question/25749867

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If the reserve ratio is 15 percent, and banks do not hold excess reserves, and people hold only deposits and no currency, then w
8090 [49]

Answer:

Option (B) is correct.

Explanation:

Given that,

Required reserve ratio = 15 percent

Bonds sell to public = $25.5 million

Bank reserves decreases by $25.5 million because of the purchasing of bonds from the Fed.

Money multiplier:

= 1/Required reserve ratio

= 1/0.15

= 6.67

Therefore, the money supply decreases by:

= Money multiplier × $25.5 million

= 6.67 × $25.5 million

= $170 million

7 0
3 years ago
The top management of a cereal manufacturing company wants to change the packaging of their products and appeal to attract a you
dimaraw [331]
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5 0
3 years ago
Consider two communities. In Mill Town, two families earn $10000 each, six families earn $75,000 each, and two earn $80,000 each
Nezavi [6.7K]

Answer:

a. The income inequality ratio in Mill Town is 14.06%.

b. The income inequality ratio in Pasture Town is 11.77%

c. Mill Town therefore has the more unequal distribution of income

Explanation:

Note: Kindly see the attached file for the calculation of the standard deviation and the mean.

The income equality can be determined using the Coefficient of variation (CV) for stated as follows:

IE = SD ÷ Mean ........................................... (1)

Where,

IE = Income inequality

SD = Standard deviation

In more equal societies, IE will be smaller.

We can therefore proceed as follows:

a. What is the income inequality ratio in Mill Town?

SD = 8,857

Mean = 63,000

IE = 8,857 ÷ 63,000  = 0.1406, or 14.06%

b. What is the income inequality ratio in Pasture Town?

SD = 8,353

Mean = 71,000

IE = 8,353 ÷ 71,000  = 0.1177, or 11.77%

c. Which community has the more unequal distribution of income?

Since the 14.06% income inequality ratio of Mill Town is higher than 11.77%  income inequality of Pasture Town, Mill Town therefore has the more unequal distribution of income.

Download xlsx
4 0
2 years ago
Jeff got a part-time job delivering groceries for $15/hour and grossed $8,200
solniwko [45]

Answer:

Income = $8,200

Less:

Federal tax 10% = -$820

State tax at 5.5% = -$451

FICA at 7.65% = -$627.30

Total deduction = -$1,898.30

Net pay = $6,301.70

4 0
3 years ago
1.) Lowering the discount rate can promote full employment because _______.
Shalnov [3]
1) Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The answer is the third statement. 2) The circumstance that usually accompanies a period of economic expansion is high inflation. The answer is the second phrase.
3 0
3 years ago
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