Answer:
a. A reduction in short-run aggregate demand likely causes a decline in real output, rather than the price level, because __________.
- d. prices are inflexible downward.
A decrease in the aggregate demand curve will cause a decline in output rather than price because prices are sticky, that means that they do not change that often and producers are generally not willing to lower prices, instead they are more willing to lower output.
b. A full-strength multiplier applies to a decrease in aggregate demand when aggregate.
The aggregate supply curve becomes horizontal at the price level where producers are not willing to supply products any more.
Answer:
a. marginal benefit is greater than both the average cost and the marginal cost.
Explanation:
Marginal cost is the cost of any action taken and average cost is the average of all the costs associated with the action under consideration. Marginal benefit is the benefit of each action undertaken. A rational approach is to take an action when marginal cost and average cost will be lower than the marginal benefit. You should consider the net Marginal benefit of an action before taking decision.
B.windshields
the other will all cause some sort of contamination
In economics<span>, </span>deflation<span> can be described as a decrease in the general </span>price level<span> of goods and services or </span>currency appreciation<span> with respect to the same goods and services.</span><span> Deflation occurs when the </span>inflation<span> rate falls below 0% (a negative </span>inflation rate<span>). Inflation reduces the real value of </span>money<span> over time; conversely, deflation increases the real value of money – the currency of a national or regional economy. This allows one to buy more goods and services than before with the same amount of money.</span>
Answer:
$2,500 million
Explanation:
Calculation to Estimate merchandise purchases for the third quarter
Using this formula
Third quarter merchandise purchases= Ending inventory + Cost of goods sold - Beginning inventory
Let plug in the formula
Third quarter merchandise purchases= $3,200 million + $2,100 million - $2,800 million
Third quarter merchandise purchases= $2,500 million
Therefore The Estimated merchandise purchases for the third quarter will be $2,500 million