<span>an oceanic plate collides with a continental plate</span>
If an economy is experiencing inflation, aggregate demand is above full-employment and the government will increase spending and decrease taxes.
Answer: Option B
<u>Explanation:</u>
The inflationary gap occurs when total demand is greater than the level of the outcome at full employment. Therefore, inflationary gap is the estimation of the excess amount of total demand over total supply at full employment. The hike in the amount of discretionary income for both consumers and business results from the government’s expansionary fiscal policy.
When government or pivotal authority slit taxes the investment for capital improvement, new hiring or employee’s payment reimbursement is processed by businesses and consumers may spend more for buying goods. The government can also encourage economy by investing in infrastructure projects. Such actions can result in a price hike due to the high demand for goods and services.
A resource becomes more valuable as it becomes more scarce.
Answer:
<em>Burton Malkiel</em> believes that most economists do not write well, therefore students become glassy eyed when studying texts of an economist.
Explanation:
In the foreword of the book<em> "</em>Naked Economics: Undressing the Dismal Science"<em> </em>by <em>Charles Wheelan</em>, <em>Burton Malkiel</em> noted that most economics can not write well and their texts rely mostly on algebraic manipulations and diagrams, only few economists can explain economic analysis in a simple way or show it`s relevance in everyday life. Therefore students get glassy eyed when studying economics.
Answer:
While the agricultural, slave-based Southern economy was devastated by the war, the Northern economy benefited from development in many of its industries, including textile and iron production. The war also stimulated the growth of railroads, improving transportation infrastructure.
Explanation:
