In a capitalist economy, the role of government is very limited. The main functions of government, as given by Adam Smith, are to maintain law and order in a country, make national defense stronger, and regulate money supply. According to Smith, the market system administers various economic functions.
The correct answer is this - <span>this research would not require IRB review because it would be eligible for exemption since the researcher is not interacting with the children and the playground is a public setting.
If the conditions were a little bit different, then his IRB review would also require different results. However, since there is no real interaction with the children, but rather only observation, an IRB review is not necessary in this case and can be avoided.
</span>
Answer:
The correct way to answer the question: According to the theory of new classical economics, if business sentiment and investment spending decreases, the aggregate demand curve: shifts to the left and the price level falls, while aggregate output: decreases.
Explanation:
The balance of an economy, anywhere in the world, is pretty complex thing. In order to understand both the short-term, and long-term ways in which the economy of a country may respond to different factors, but most especially to GDP, which is the measure of how much, and how well, a country is producing and supplying a demand for certain goods and services, it is necessary to understand both a theory known as the short-term Keynesian analysis and also the neoclassical theory of economics, which applies to long-term macroeconomics. In the case shown above, the point of start is the potential GDP, which will mark the real GDP of a country. The second point is the aggregate supply and demand markers that indicate how an economy is doing with respect to potential GDP. If investement is not placed into an economy, and business sentiment decreasese, it means that productivity will drop, and the aggregate demand curve turns to the left as many other factors are also driven down. Since aggregate output means the amount that is produced in goods and services, the lesser the business interest and spending, the lesser production there will be.
The Roman Senators disliked Caesar because they thought he would be a threat to their positions once he becomes the king.
<u>Explanation:</u>
As Rome is a republic country, the senators were the rulers of the country, they were given the authority over the people. However, The Roman Senators disliked Caesar because they thought he would be a threat to their positions once he becomes the king.
There were three reasons:
- The Senators were scared of the power of Caesar's and believed they would lose their positions if he becomes the king.
- They wanted to destroy the republic and to end it, they planned to kill him.
- Every senate in the republic had a personal vengeance towards Julius Caesar, and that some way or the other led them to commit the murder.
Though they wanted to kill him and demolish the republic, it ended up to civil war as well as their death.
