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Zepler [3.9K]
3 years ago
12

"the aggregate demand curve is the sum of all demand curves of all goods and services in the economy"

Business
1 answer:
liraira [26]3 years ago
8 0

Answer:

<em>A. True</em>

Explanation:

<em>Aggregate demand</em> refers to the desire and the will to purchase a specified quantity of all the final goods and services produced in a country at a specific price level at different points of time.

An<em> aggregate demand curve is downward sloping</em>, implying increasing demand at lower price levels and decreasing demand at higher price levels.

<em>Aggregate demand = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Exports (NX) = GDP at market price</em>

C represents the consumption goods demand by individuals and households.

I represents the private corporate spending on investments in fixed capital assets like plant and machinery and equipments etc.

G represents the government expenditure for the people like on building parks and dams etc and social assistance programmes.

NX represents the exports minus imports.

Hence, we can see that Aggregate Demand accounts for the measure of all the final goods and services produced domestically in a country and <em>thus is the sum of all demand curves of all goods and services in the economy. </em>  

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A successful sushi chain in Hong Kong spent $500,000 to conduct a study on whether to open a location in the United States. The
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Answer:

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Explanation:

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4 0
2 years ago
One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0
dalvyx [7]

Answer:

a. 7.48%

Explanation:

Number of shares = $ 6,000 / $ 38.10

Number of shares = 157.48

Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price

Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000

Rate of return = $448.806 / $6,000

Rate of return = 0.074801

Rate of return = 7.48%

6 0
3 years ago
After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more
Brrunno [24]

Answer:

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

Explanation:

It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.

Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.

Therefore, such cost is ignored.

Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,

Rational choice will be for solar electricity worth $10 million.

Therefore, correct statement is

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

4 0
3 years ago
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases. a. as the price de
Brut [27]

Answer:

D) A and B

Explanation:

a. as the price declines, the real income of the consumer increases

b. as the price of product A declines, it makes it more attractive than product B

Hope this helps!

Ps. Don't click on those sketchy links.

Have a good day!

4 0
2 years ago
Differentiate between Central Banks and other banks​
ArbitrLikvidat [17]

Answer:

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Explanation:

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2 years ago
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