Answer:
b) technological advancements
Explanation:
Manufacturing automation and office automation are examples of technological advancements that are forces for change outside the....
Automation of manufacturing and office entails the use of technology in place of traditional means. Advancement in technology has made enterprises shift from traditional means of production to technology, which enhances efficiency and improves productivity.
Answer:
C , I , G , NX
Explanation:
The components of nation's demand for goods & services is reflected in Aggregate Demand . AD is the total value of goods & services all the consumers are planning to buy during a period.
AD denotes consumption components by 4 sectors of an Economy : Households, Firms, Government , Rest of World .
All 4 sectors form components of AD = Consumption Expenditure, Investment, Government Expenditure, Net Exports (Exports - Imports) by the 4 above sectors respectively.
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5400/800 = 0,14814 -> 14,81% Interest rate
Answer:
These two statements are correct:
A. The level of private sector spending on real assets in Cassiopeia has traditionally been low.
If the economist Danny Cox is recommending increases in government investment in real assets, it must be because the private sector is not investing enough.
An economy with low levels of private investment is an economy that in the long-run will not grow because investing is what produces capital accumulation, and what faciliates technological change, and those two factors are the most important variables for economic growth.
E. Irrespective of what policy measure the government implements to combat the crisis, inflation in Cassiopeia is likely to increase further.
This statement is correct if it is referring to the two policies recommended by economist Cox and unionist Boyle. Niether an income tax refund, or an increase in government spending are measures that tackle inflation, and in fact, both could increase inflation.
A income tax refund would put more cash in the hands of the public, and if demand for money is low, this would increase the velocity of circulation, and the more rapidly money circulates, the higher the inflation rate according to the quantity theory of money.
And more government spending is a form of expansionary fiscal policy that could increase inflation if the government finances the expenses by printing money.
