Answer:
Aggregate demand is just the sum total of four components such as consumption, investment, government spending, and lastly net exports. Government spending and taxes are determined by political considerations with which imports and exports changes according to relative growth rates and prices between two economies. while Aggregate supply is just the total amount of goods and services that firms are willing to sell at a given price in an economy. The aggregate demand is the total amounts of goods and services that will be purchased at all possible price levels in an economies
Boosting aggregate demand also boosts the size of the economy regarding measured GDP. However, this does not prove that an increase in aggregate demand creates economic growth while for Aggregate supply is the total quantity of output firms will produce and sell, that is to, the real GDP.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
In interdependence theory, the term <u>rewards </u>refers to anything within an interaction that is desirable and welcome and that brings enjoyment or fulfillment to the recipient.
Costs, on the other hand, are painful, unpleasant experiences.
According to the interdependent theory, people frequently show generosity to those who they depend on in the pursuit of positive outcomes since doing so is rational (and worthwhile).
According to the social exchange theory known as interpersonal interdependence, which is described as "the process through which interacting people impact one another's experiences," interpersonal relationships are defined through this process.
The Social Psychology of Groups, written in 1959 by Harold Kelley and John Thibaut, contained the first publication of interdependence theory.
This book presented crucial definitions and concepts crucial to the creation of the interdependence framework, drawing inspiration from social exchange theory and game theory. Specifically, Interpersonal Relations, their second work.
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The belief of nullification is illustrated when a state believes that it does not have to obey a federal law because the law exceeds the national government's authority.
<h3>What is a
nullification?</h3>
It means the theory that holds that the state has the right to nullify or invalidate any federal laws which that state has deemed unconstitutional with respect to the United States Constitution.
Hence, this belief is also illustrated when a state believes that it does not have to obey a federal law because the law exceeds the national government's authority.
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Answer:
Both Revolutions led to large population and economic growth. The Second Industrial Revolution forever changed the way society interacted with one another especially in the forms of travel and communication
If you are talking about the earth, the crust is the outter side of the earth made up of minerals, particularly rocks such as metamorphic and igneous rocks. It is three times as thick under dryish land than under the sea. The core is at the very center of the earth. It is thought to be made of iron and nickel and it is so hot from all the compactness and no one, i repeat, nop one can ever dig deep enough to get there(and no, I didn't copy and paste. I knew this already)
