Pay discrepancies i believe
Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.
<h3 /><h3>What is mixed economy?</h3>
A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.
This system defends <u>private property </u>and allows a degree of freedom in economy in the use of capital.
But it also permits for governments to interpose in economic activities in order to accomplish social intents.
Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.
To learn more about the mixed economy, refer to:
brainly.com/question/2343400
Answer: Individual demand refers to the demand for a good or a service by an individual (or a household). Individual demand comes from the interaction of an individual's desires. Where as an aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time.
Explanation:
Answer:
B. Lower GDP
Explanation:
GDP (Gross Domestic product) represent the monetary value of all goods and services that produced in a country within a specific year.
GDP is calculated with this formula : GDP = C + I + G + (X – M)
C : The amount of private consumption
I : Investment
G : Government spending
X : Export spending
M: Import spending
As you can see, M is the only one with (-) value . Which mean that if M is increased, the total amount of GDP will be decreased.
Answer:
C. inflation caused by decreases in aggregate supply that are not matched by decreases in aggregate demand
Explanation:
Inflation occurs when the cost of a basket of goods increases over a period of time. The purchasing power of money is reduced. It is characterised by low supply and high demand.
There are two drivers of inflation: cost push inflation and demand pull inflation.
Cost push inflation results when there is an increase in cost of production of goods and services.
This reduces the amount of goods supplied and increases their price.
Demand does not reduce in this scenario, so reduced supply does not match the excess demand.
On the other hand demand pull inflation occurs when there is increased demand for goods and services. Supply cannot meet the increased demand
