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Answer:The output will be $billion and the price level will increase.
Explanation:Long term accommodative policies by government causes a shift to the right of aggregate demand curve in response to the left shifting of the aggregate supply curve in the short run.
This change will definitely cause an increase in aggregate demand without a corresponding increase in aggregate supply to meet the demand.
In doing this the government aims to permanently higher prices in order to restore employment and output to it's original level.
Answer:
The correct answer is option d. whether the product has utility.
Explanation:
The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.
All of the factors given in the question are a part of this concept except whether the product has utility.
The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility as such.
An easy-to-use decision support system that specifically supports strategic decision making is called executive support system.
A decision support system is one software that helps to make effective decisions with providing various alternatives of the solution to the problems addressed.
Strategic decision making is a process that provide an overall decision over the edge gaining an extra advantage for the firm analysing the decisions taken and the impact over the organisation. Wrong decisions taken at the wrong time may result in specifically driven decisions.
To learn more about decision support system here,
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