An increase in aggregate demand when the economy is below potential output increases real output and has little or no effect on price levels.
The Keynesian aggregate supply curve shows that the AS curve is fairly flat. This means that during economic downturns, firms supply the quantity of goods demanded at a particular price level.
The Keynesian zone is on the left side of his SRAS curve and is fairly flat, so movements in aggregate demand affect production but have little effect on price levels.
The Keynesian model suggests that in the short term less flexible wages and prices will push the aggregate supply curve upward. This model makes it more likely that the economy will fall below the full employment level. This means companies can hire new workers and increase production without raising wages or prices.
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Answer:
Increase expenditure or cut taxes to increase aggregate demand.
Explanation:
A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.
Answer: D) gain the attention of the consumer.
Explanation:
The first and foremost thing is marketing is to gain the attention of the consumer. This is why Adverts usually start with something eye catching and then move on to explain the product.
All other steps in the marketing process including development of brand awareness cannot be implemented if the consumer's attention is not gained.
The first and foremost goal of marketing in simple terms therefore is to first grab their curiosity then gain their attention.
Answer:
Moral Rights
Explanation:
Mr. Adams' concerns with privacy and health and safety are key elements in the <u>Moral Rights</u> approach to deciding ethical dilemmas
Answer:
How is the price elasticity of demand measured?
c. by dividing the percentage change in the quantity demanded of a product by the percentage change in the product's price
Explanation:
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.
