Answer:
a. when the price level falls, the real value of household wealth rises, and so will consumption.
Explanation:
A wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts. Also, these informations about the citizens when generated by the government are typically used for formulating economic policies, plan and financial budgets.
Wealth effect is a behavioral economics theory (psychological phenomenon) which states that an increase or decrease in the value of an asset such as bonds, stocks, property, etc., would result in an increase or decrease in consumer spending respectively.
This ultimately implies that, the wealth effect refers to the fact that when the price level falls, the real value of household wealth rises, and so will consumption. Thus, it is mainly focused on examining how a change (increase or decrease) in personal wealth of a household influences (affects) economic growth and by extension consumer spending over a specific period of time.
In conclusion, when there is an overall increase in the performance of an asset, consumer spending would rise and increase ultimately.
<span>Service portfolio management should be responsible for monitoring the performance of the services according to the service level agreements. 2. Service portfolio management should be responsible for evaluating the value of the services ...</span>
<u>Answer:</u> Option C
<u>Explanation:</u>
The applicant might not possess the skills required to do the job or he may not be able to meet the number of working hours required by the company. In this case the employer is not under pressure to recruit that employee. Employer cannot reject any applicant for the reason of applicant's disability, age as 55 years or based on the nationality.
Labor standard act needs to be meet by the employer to hire legally or the employer will have to face the legal consequences.
Answer:
A. Mr. Fudd to pay Mr. Leghorn between $500 and $900 to continue hunting.
Explanation:
Answer:
a financial checkup should be completed annually.
