If there is an increase in government spending, the new equilibrium will be at <u>B</u> holding everything else constant.
<h3>What is government spending?</h3>
Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.
An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.
Inconclusion the new equilibrium will be at <u>B</u> holding everything else constant.
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Answer:
Correct answer is D.
$4375
Explanation:
Amortization of actuarial gain or losses = Net actuarial gain/remaining service life
= 87500/20
Amortization of actuarial gain = $4375
Answer:
. C) a drop in the foreign exchange value of the dollar.
Explanation:
An aggregate demand curve can be regarded as a curve that display total spending that is available
domestic goods/services with respect to their price level. the horizontal axis provide the real GDP while price level is displayed by vertical axis. It should be noted that The aggregate demand curve would shift to the right as a result a drop in the foreign exchange value of the dollar.
Answer:
higher unemployment rate
Explanation:
The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.
Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.
Answer:
the general welfare will be the sum of consumer surplus and producer surplus.
Explanation:
The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.
Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.
Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.
Thus, the general welfare will be the sum of consumer surplus and producer surplus.
