A strength of the market economy is that resources are used efficiently.
<h3>What is a market economy?</h3>
- A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.
- The existence of factor markets that control the distribution of capital and the elements of production is a key feature of a market economy.
<h3>What are a market economy's four characteristics?</h3>
- A market economy is characterized by private property, freedom, self-interest, competition, and minimal government involvement.
- In a market economy, supply and demand are the driving forces.
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D. It states that to allow enough time<span> to complete the activities that you've planned.</span>
Answer:
For A. and B see attached files
Explanation:
The U.S. aggregate demand curve slopes downward due to all of the following reasons except the "government-spending effect, where a change in the price level affects government purchases".
<u>Option: B</u>
<u>Explanation:</u>
The total consumption, production is reflected in the aggregate demand curve, government purchases and net exports in any time period at each price level. It slopes down due to the impact of wealth on consumption, the effect of interest rates on investment and the effect of global trade on net exports.
AD describes the relationship between the total amount of required production (calculated as real GDP) and the level of the market (as the implied price deflator). The aggregate amount of goods and services offered at each price point is the number of the components of real GDP. There is a negative relationship between the amount of prices and the total quantity of goods and services provided, unchanged for everything else.
