1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
3 years ago
11

An economics student makes the following​ statement: ​"It's easy to understand why the aggregate demand curve is downward​ slopi

ng: When the price level​ increases, consumers substitute into less expensive​ products, thereby decreasing total spending in the​ economy." This statement is false because the aggregate demand curve is
Business
1 answer:
Luda [366]3 years ago
3 0

Answer:

The aggregate demand curve is downward sloping because when the general level of price rise; the real wealth of consumers will decline (with a certain amount of money you end up buying less goods), the interest rates will increase (as inflation increases, interest rates also increase), and the price of exported goods increases (as the general price of goods increase, the production of goods will also become more expensive).

You might be interested in
If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that
bonufazy [111]

Answer:

Additional <u>$1,750 </u>must be invested by Ben.

Explanation:

Note: The question is not complete as some dots are omitted. The question is therefore given correctly before answering it as follows:

If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1/2 % annual interest to ensure that the interest he receives each year is 4 1/2 %.

The question is now answered as follows:

From the question, we have:

Initial amount invested = $3,500

Interest rate on initial amount invested = 4%, or 0.04

Interest amount from initial amount invested = Initial amount invested * Interest rate on initial amount invested = $3,500 * 4% = $140

Let y represents the additional amount to invest. Therefore, we have:

Interest rate of additional amount invested = 5 1/2% = 5.5% = 0.055

Interest amount from additional amount invested = y * Interest rate of additional amount invested = y * 0.055 = y0.055

Total interest amount = Interest amount from initial amount invested + Interest amount from additional amount invested = $140 + y0.055

New amount invested = Initial amount invested + y = $3,500 + y

Interest rate of new amount invested = 4 1/2% = 4.5% = 0.045

Interest amount from new amount invested = New amount invested * ($3,500 + y) * 0.045 = $157.50 + y0.045

Since total interest amount must equal interest amount from new amount invested, we equate the two and solve as follows:

Total interest amount = Interest amount from new amount invested

$140 + y0.055 = $157.50 + y0.045

We can now solve for y as follows:

y0.055 - y0.045 = $157.50 - $140

y0.01 = $17.50

y = 17.50 / 0.01

y = $1,750

Therefore, additional <u>$1,750 </u>must be invested by Ben.

4 0
3 years ago
The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
Natali [406]

Answer:

A. Green marketing

Explanation:

Green marketing involves advertising products, goods and services that are Eco-friendly or beneficial to the environment.

Green marketing is very important because it helps customers to get to know the green advantages product has and how committed an organization is towards environmental sustainability. It is also a medium through which the society can be enlightened about environmental sustainability.

Disadvantages of Green marketing.

•Getting green certification is expensive and tedious.

•Increase in cost.

5 0
3 years ago
A list of the knowledge, skills, and other qualities a person must possess in
Stells [14]

Answer:

Job description

Explanation:

Just did it

7 0
2 years ago
Here, the rod has a diameter d of 16 centimeters. The length from point A to point B, LAB, is 2 meters, and the length from poin
pantera1 [17]

Answer:

6/7 kN

Explanation: See attached file

7 0
3 years ago
The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel, The High Window, was sold at auction in 20
Strike441 [17]

Answer:

The time line from minting to the first sale is:

0-192

$15 - $430,000

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r :

r = (FV/PV)1/t - 1

r = ($430,000/$15)1/192 - 1

r = .0549, or 5.49%

The time line from the first sale to the second sale is:

0-35

$430,000 - $4,582,500

we can use either the FV or the PV formula. Using the FV formula, that is:

FV = PV(1 + r)t

Solving for r:

r = (FV/PV)1/t - 1

r = ($4,582,500/$430,000)1/35 - 1

r = .0699, or 6.99%

The time line from minting to the second sale is:

0-227

$15 - $4,582,500

we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:

FV = PV(1 + r)t

Solving for r, we get:

r = (FV/PV)1/t - 1

r = ($4,582,500/$15)1/227 - 1

r = .0572, or 5.72%

6 0
3 years ago
Other questions:
  • When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?
    15·1 answer
  • Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(
    13·1 answer
  • Blossom Corporation had net sales of $2,410,900 and interest revenue of $36,700 during 2017. Expenses for 2017 were cost of good
    15·1 answer
  • an employee who has integrity is _____. a. trustworthy and honest b. prompt and efficient c. focused and intelligent d. ethical
    6·2 answers
  • . Imagine you were in charge of security when a labor relations dispute started. The CEO told you they were bringing in new hire
    8·1 answer
  • Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000
    15·1 answer
  • Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of m
    5·1 answer
  • A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised
    9·1 answer
  • Identify the statement that characterizes the Age Discrimination in Employment Act. Multiple Choice It permits an employer to re
    9·1 answer
  • Please answer quickly will mark BRAINLIST
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!