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ad-work [718]
1 year ago
10

the fact that output gaps will not last indefinitely, but will be closed by rising or falling prices is the economy's:

Business
1 answer:
serg [7]1 year ago
3 0

The economy's self-correcting property is the fact that output gaps won't last indefinitely, but will be closed by rising or falling prices.

The output gap is the difference, expressed as a percentage of gross domestic product, between an economy's actual output and its highest potential output. An output gap can be either favorable or negative for a nation.

A negative output gap indicates that the economy's actual output is below its maximum capacity, whereas a positive output gap indicates that the economy is beating expectations because its actual output is higher than its acknowledged maximum output. The output gap helps paint a picture of how the economy is doing because the gross domestic product is used in its computation.

To learn more about output gaps, visit the link below:

brainly.com/question/29433322

#SPJ4

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When workers intentionally reduce their productivity, it is called a slowdown. This occurrence might be cause by a number of reason. One would be that they are not happy on how they are managed by the administration of the company. They would tend to do this to catch the attention of the admins.
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If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by
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Answer:

4%

Explanation:

If the real gross domestic product for the year grew by 2%

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Then nominal GDP rate can be calculated as follows

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= 4%

Hence the nominal gross domestic product grew by 4%

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When a firm sees average costs start to increase as production increases, this is known as __________.
lesya692 [45]

When a firm sees average costs start to increase as production increases, this is known as diseconomies of scale.

What Are Diseconomies of Scale?

When a corporation or business expands to the point where the costs per unit rise, this is known as a diseconomy of scale. It happens when a firm's use of economies of scale is no longer viable. According to this theory, when output increases, a firm experiences an increase in costs rather than continuing to see reducing expenses and rising output.

What causes diseconomies scale?

Diseconomies of scale can be the result of several things, including poor management and employee communication, a lack of drive, a lack of coordination, and a loss of concentration.

How do you manage diseconomies of scale?

Businesses may divide themselves into more controllable parts in an effort to alleviate scale-related inequities. A huge multinational, for instance, might be divided up into regional geographic areas, with local managers being rewarded for maximizing efficiency.

Learn more about diseconomies of scale: brainly.com/question/27960803

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3 0
11 months ago
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Answer:

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Explanation:

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