Answer:
a. .938 If the exchange rate is less than this, it costs more dollars to buy a tall latte in the U.S. than in the Euro area.
Explanation:
We can see in the example that the Euro is cheaper than the dollar in purchasing-power parity. More specifically, the exchange rate is .938 euros per dollar.
This is why it is more expensive to buy a tall latte in the U.S. than in Europe. The Euro is cheaper.
Answer:
Constant
Upward slopping
Less than
Explanation:
The simple multiplier effect shows the resulting change in real GDP due to an increase in government purchases or a decrease in taxes assuming that the price level is___constant__.In reality, the SRAS is __upward slopping___.As a result, when AD shifts to the right, in reality the change in real GDP will be __less than___ it would be if the price level were constant.
When the government purchases rises or their is reduction in tax paid on constant price of commodity, the gross domestic development of the country will increase geometrically.
In reality, the Short-Run Aggregate Supply Curve slop will tends to move upward. When AD shifts to the right, in reality the change in real GDP will be less than it would be if the price level were constant
Answer:
1.The property in a mixed market economy likely is <u>PRIVATE</u>.
2. Most of the property in command economies is owned by <u>GOVERNMENT</u>. The citizens of a command economy are likely to own <u>LESS</u> property than citizens of a mixed-market economy.
Explanation:
A mixed market economy is a combination of both a free market and a command economy. In real life, all the economies are mixed market economies since there is no purely capitalistic economy in the world and there is no 100% command economy either. But generally speaking, countries lean more towards free markets or towards planned economies.
In a mixed market economy, private companies exist but are supervised by the government. And that is basically true for every single country, since all the governments impose taxes and regulations, only that some impose more regulations than others.
When cities incur expenses by doing business with entities outside of their economic base, these are called <u>Leakages</u>.
<h3>What are leakages?</h3>
These refer to the flow of cash and resources out of a local economy to other economies.
When cities engage in business with entities from outside their economy, they would be passing on cash to those entities. This cash would therefore leave the local economy which makes it a leakage.
Find out more on leakages at brainly.com/question/10344288.
