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Nezavi [6.7K]
3 years ago
10

In 2009, during the height of the U.S. financial crisis, real GDP fell 3.5 percent and the Consumer Price Index fell from 215.3

to 214.9. Was this recession likely caused by a shift in aggregate demand or aggregate supply?
Business
1 answer:
erma4kov [3.2K]3 years ago
3 0

Answer:

This was most likely caused by a shift in the aggregate supply curve to the left.

Explanation:

a recession is when the economy is declining and this can be caused by declining trade and industrial activity so if Real GDP decreases that means there was a decline in prices and a deflation in the market therefore this can be caused by increases in wages or the value of wages which can cause more consumption in the market and then prices fall, an decrease in physical stock which is like people employed where the  cost of producing one more unit increases at a decreasing rate so firms end up not hiring more people.

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suppose the national bank of commerce has excess reserves of 8000 and outstanding checkable deposits and 150000 if the reserve r
sasho [114]

Answer:

the size of the banks actual reserves is $38,000

Explanation:

The computation the size of the bank actual reserve is shown below:

But before that the required reserve is

= Reserve ratio × checkable deposit

= 20% × 150,000

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Now the actual reserve is

= Required reserve + excess reserve

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Hence, the size of the banks actual reserves is $38,000

5 0
3 years ago
Four common bases of market segmentation?
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Explanation:brainliest plz

7 0
3 years ago
Economists distinguish among the immediate market period, the short run, and the long run by noting that
Greeley [361]

Based on the principle of economics, the correct answer goes thus:

Economists distinguish among the immediate market period, the short run, and the long run by noting that:

  • Elasticity of supply will increase when the number of producers selling a product decreases.

<h3>Immediate market run</h3>

Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.

In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.

Learn more about elasticity of supply here: brainly.com/question/4467460

6 0
3 years ago
Item7 Item 7 Boccardi Inc., has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimat
JulsSmile [24]

Answer:

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Explanation:

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