If the government wants to expand aggregate demand, it can "rebate" government purchases or "cut" taxes.
<h3>What is aggregate demand?</h3>
The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.
Some characteristics of aggregate demand are-
- The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
- The correlation between output and all prices can be seen on an aggregate demand curve.
- In the end, the aggregate demand curve slopes downward because it predicts a fall in real gross domestic product (GDP) as prices rise.
- Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand.
- When one of these variables changes but the overall supply stays unchanged, aggregate demand will alter.
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Answer:
B. A strategic action because such a large plant expansion will require a major commitment of resources.
Explanation:
There are two major forms of action in business decision making: strategic and tactical. Strategic action deals with decision that require major planning and investment of resource. Strategic actions have long term implementation and effect and are difficult to reverse.
Tactical actions, on the other hand, are flexible and involves actions taken on short term basis. Tactical actions are majorly bye-product of strategic decision.
On this note, Circus Aircraft`s decision to double its plant capacity over the next two years is a strategic action because such a large plant expansion will require a major commitment of resources. And the action will not easily reversible.
Other options in the question are not totally right.
The correct answer of the question is Fraud.
The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.
<h3>
What is Fraud?</h3>
- It is a form of deception or an unlawful gain.
- It is an intentional form of deception that can have various criminal consequences.
- There are various kinds of frauds like bank fraud, insurance fraud etc..
- It is committed with the intention of gaining an unauthorized benefit.
- it can occur in various domains like finance, real estate, insurance etc.
- Usually a fraud can lead the person to have legal consequences and the victim can sue the person or organization which was involved with the crime.
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Answer:
$100 = $10PL + $20PK
Explanation:
Computation for the equation of the isocost line
Using this formula to compute the equation of the isocost line
Total cost=Price of labor (PL)+Price of capital (PK)
Where,
Total cost=$100
Price of labor (PL)=$10
Price of capital (PK)=$20
Now Let plug in the formula to compute the equation of the isocost line
$100 = $10PL + $20PK
Therefore the equation of the isocost line corresponding to a total cost of $100 will be $100 = $10PL + $20PK
Answer:
elastic, because many other firms produce the same standardized product
Explanation:
A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.
A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.
A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.
I hope my answer helps you.
