Answer:
because In the long run, real GDP tends to potential output.
Explanation:
Since actual GDP continues to increase economic output in the longer term, the seasonally adjusted annual budget balance is a better predictor of public policies ' long-term sustainability. ... Economic GDP dropped in recessions.
This means that incomes for consumers, business investment and profits for producers also fall.
The cyclically adjusted expenditure balance plays an important role in the EU budgetary framework, which still provides a better picture of fiscal policy focus.
Answer:true
Explanation:because they have to do there best for the people could see that he is working good
Answer: income effect of a price change.
Explanation: The income effect is known as the effect on real income when price changes, it can however be positive or negative. The income effect expresses the impact of increased purchasing power on consumption.
In this scenario, spending $10 for lunch, and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the price for cheeseburger has increased from $5 to $6, so you decide to purchase just one cheeseburger, this scenario best illustrates the income effect of a price change.
Answer:
D. Cournot model.
Explanation:
This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.
Answer:
A country's balance of payments tells you whether it saves enough to pay for its imports. ... A balance of payments deficit means the country imports more goods, services and capital than it exports. It must borrow from other countries to pay for its imports. In the short-term, that fuels the country's economic growth.
