Answer:
prices to fall according to the classical economists and unemployment to increase according to Keynes.
Explanation:
The classical economists believes that a decrease in aggregate demand for goods produced would being about fall in the prices of such goods. What this implies is that as more goods are produced, if such production is not backed by corresponding demand by consumers, the prices of such goods produced will eventually fall because supply is greater than demand.
For the Keynes, their argument is that a decrease in aggregate demand will cause unemployment to increase. This is because owners of businesses or employers would lay off their employees when goods produced exceeds the demand for such production by consumers. Here, owners of businesses pays their employees through sales of goods produced. So, when the goods produced are not purchased, then there will be excess availability of such goods; hence no sale or profit, from which salaries would be paid. The next step is to start laying off employees because employers cannot cover their running costs.
Answer:
Explanation:
When making a decision, irrelevant items are included in the analysis in both alternatives when using: the total cost approach only.
Due to the increase in the price of the pizza, it is conclusive that the demand will decrease. Assume that the amount he will earn will stay the same and it is the product of the number of pizza and the price, the choice that would satisfy this is the third choice.
<h2>According to Allport, this preference is an example of a <u>Secondary trait</u></h2>
Explanation:
There are 3 types of traits.
1. Cardinal traits:
- This is the dominating traits
- The person can be found by the qualities
2. Secondary traits:
- This is closely related to attitudes
- This is also related to preferences of a human
- This would differ from person to person
- This might change according to the situation.
3. Central traits:
- This forms the base for the personality development
- This would be meaningful
- Central traits can be polite, helping, anxiety, etc.