According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de
manded does not change rises; supplied falls falls; demanded falls rises; demanded falls
1 answer:
Answer:
rises; demanded falls
Explanation:
The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.
The aggregate demand curve is negatively sloped.
Please check the attached image for a graph of the aggregate demand curve.
I hope my answer helps you
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Answer:
Interest for second year $2,114.08
Explanation:
given data
loan Amount = $40,000.00
Interest rate r = 6.00%
time period t = 7
solution
we get here first Equal Monthly Payment EMI that is express as
EMI = ................1
here P is Loan Amount and r is rate and t is time period
put here value and we get
EMI =
EMI = $7165.40
now
we get here interest for second year that is
Closing balance at year 1 = opening balance + Interest - EMI Payment
Closing balance at year 1 = $40,000 + $2400 - $7165.40
Closing balance at year 1 = $35234.60
so Interest for second year $2,114.08