A simple
Keynesian model follows four principles:
<span>1. Accumulated
expenditures, income, and output are the same.
2. All input of spending into the economy must equal
all withdrawals
3. Investment is an input.
4. Saving is a withdrawal</span>
<span>
According to Keynesian analysis, of households intend to save more, they
will become poorer. The theory about Keynesian analysis applies to
economic where an increase in savings decreases the circular flow of income. S
when the households save more, they are reducing the stream of income for other
households and therefor diminishes the overall economic activity.</span>
The correct answer is plumbing
Answer:
The correct word for the blank space is: Market.
Explanation:
Market knowledge refers to the collection of information about the business and all its resources being offered to the market. It does not only help entrepreneurs to have a better understanding of what the firm is and what it can do but also allows them to improve the decisions they take to direct the business process towards the organizational goal.
Answer:
Price floor binding
b. price ceiling binding
price floor and binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
The minimum price of milk is above equilibrium price. So, it is a binding price floor
The maximum price of milk is below equilibrium price. It is binding price ceiling
If teenagers can't find jobs due to minimum wages law. It means that the minimum wage must be above equilibrium price. This is because it is when price is above equilibrium price that supply of labour outstrips demand. So, it is a binding price floor
To answer the question above as to which type of life insurance policy combines term insurance and investment elements is letter C, Universal Life. Universal Life or in other term Permanent life Insurance is a type of insurance to which is flexible low-cost protection and term life insurance as well as the saving elements like the whole life insurance.
