Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer:
Lower
Explanation:
If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.
Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.
When there is a raise in aggregate demand = higher output + higher price level
On the Phillips curve, more GDP simply means less unemployment and higher price level.
Answer: See explanation
Explanation:
Annuities are referred to as the loans that one would have to pay back over a period of time with a particular interest rate. It should be noted that annuities have consistent payments for the period that the loan will be paid back. An example of annuity is the car loan or the mortgage.
For a level principal loan, it should be noted that the principal payment will remain constant and won't change while there'll be a reduction in the interest rate over the period that the loan will be paid back. This means that there will be w reduction in the payments as the time progresses.
Owned A Controlling Interest In Knieval Inc. Cadion Reported Sales Of ... Of this amount, twenty-five percent was still in ending inventory at year's end.
Answer:
80 miles
Explanation:
Data provided in the question:
Rental of the first agency = $36.95 + 36 cents per mile
or
= $36.95 + $0.36 per mile [as $1 = 100 cents ]
Rental of the second agency = $44.95 + 26 cents per mile
or
= $44.95 + $0.26 per mile
now,
let the mileage be 'x' miles
therefore,
the cost for the first agency will be = $36.95 + ( 0.36 × x ) ............(a)
and,
the cost for the second agency will be = $44.95 + ( $0.26 × x ) ........(b)
for the equal mileage, equating (a) and (b)
$36.95 + ( 0.36 × x ) = $44.95 + ( $0.26 × x )
or
( $0.36 - $0.26 ) × x = $44.95 - $36.95
or
0.1x = 8
or
x = 80 miles
