The first reason for the downward slope of the aggregate demand curve is Pigou's wealth effect. Recall that the nominal value of money is fixed, but the real value is dependent upon the price level. This is because for a given amount of money, a lower price level provides more purchasing power per unit of currency. When the price level falls, consumers are wealthier, a condition which induces more consumer spending. Thus, a drop in the price level induces consumers to spend more, thereby increasing the aggregate demand. The second reason for the downward slope of the aggregate demand curve is Keynes's interest-rate effect. Recall that the quantity of money demanded is dependent upon the price level. That is, a high price level means that it takes a relatively large amount of currency to make purchases. Thus, consumers demand large quantities of currency when the price level is high. When the price level is low, consumers demand a relatively small amount of currency because it takes a relatively small amount of currency to make purchases. Thus, consumers keep larger amounts of currency in the bank. As the amount of currency in banks increases, the supply of loans increases. As the supply of loans increases, the cost of loans--that is, the interest rate--decreases. Thus, a low price level induces consumers to save, which in turn drives down the interest rate. A low interest rate increases the demand for investment as the cost of investment falls with the interest rate. Thus, a drop in the price level decreases the interest rate, which increases the demand for investment and thereby increases aggregate demand. The third reason for the downward slope of the aggregate demand curve is Mundell-Fleming's exchange-rate effect. Recall that as the price level falls the interest rate also tends to fall. When the domestic interest rate is low relative to interest rates available in foreign countries, domestic investors tend to invest in foreign countries where return on investments is higher. As domestic currency flows to foreign countries, the real exchange rate decreases because the international supply of dollars increases. A decrease in the real exchange rate has the effect of increasing net exports because domestic goods and services are relatively cheaper. Finally, an increase in net exports increases aggregate demand, as net exports is a component of aggregate demand. Thus, as the price level drops, interest rates fall, domestic investment in foreign countries increases, the real exchange rate depreciates, net exports increases, and aggregate demand increases.
Instar is the name given to the developmental stage of an arthropod among molts. for example, after hatching from the egg an insect is said to be in its first instar. When the insect molts it's far from the 2nd instar and so on. Instar may be used for bugs present process whole and incomplete metamorphosis.
The molting is the system through which bugs can routinely eliminate their exoskeleton during particular times in their lifestyles cycle. The insect form in between two next molts is termed an instar.
A hypothesis is one of the tools in working in different academic settings. It is used in the both science, social science and art fields.
It is defined here to be simply a proposition that is testable or it can also be defined as a proposition, or set of propositions, set forth as an explanation for the occurrence of some specified group of phenomena, which is either asserted merely as a provisional conjecture to guide investigation or accepted as highly probable in the light of established facts.
An organism is considered as 'Exotic' if the organisms exist in an environment outside of their natural habitat (for examples, polar bear that is imported to a zoo in california.)
Ephemeral organisms on the other hand, exist naturally on ecosystem such as wetlands or lake. These organism do not exist all year long, but they did not live outside their natural habitat.
Answer: It is necessary to take responsibility for the individual or the authority for certain actions.
Explanation:
Otherwise, anarchy ensues. The government is the main implementer of these measures. Still, there is also a moral obligation of the individual to take responsibility. In this way, there is better promotion of the basic postulates of democracy, human rights, and freedoms. Each individual must assume this obligation because this type of responsibility establishes civilizational and democratic values.
Fishing industry are all process which involve extraction of fishes and other aquatic animals and processing them for final consumption. The fishing industry is well developed in Norway and it takes place in north sea. Norway is leading country in fishing sector in Europe. Fishing is done in the sea because fish farming inland is difficulty due to harsh climate. The species commonly fished are cod and herring.
