Answer:
It is an economic condition that occurs when a country is importing more goods than it is exporting.
Explanation:
The items that describes what happens at the equilibrium price are:
Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price.
Producers used their resources efficiently.
Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.
Answer: Yes, the budget deficit will have on the current rate of inflation.
Explanation:
If the budget deficits have inflated the monetary policy, therefore, the monetary policy will affect the short run of aggregate supply curve. In this scenario, large budget deficits will shift the curve upward due to the increase in expected inflation, which will surely make the current inflation rate to be higher.
Your answer should be 5,293.92
C = $47,000 / 8.878105
C = $5,293.92