In the neoclassical model, the as curve shifts to the right over time as productivity increases and potential GDP expands.
Potential GDP is the theoretical component where labor and capital are at the highest sustainable rates (i.e. H. at rates consistent with steady growth and steady inflation.
Potential is the maximum ideal output of an economy with a high GDP and maintaining currency and product price stability. Gross Domestic Product (GDP) is the amount of output that an economy could produce given a constant rate of inflation, but the price of rising inflation causes an economy to temporarily produce above its potential level of production. maybe performed.
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Answer:
The cattle industry began in the far west and furnished the great plain areas with livestock. The cattle industry progressively lost its relevance because of the excessive westward expansion, resulting in competition for the industry. There was too much cattle, but not enough food and land to sustain such great populations of livestock.
When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value
Explanation:
Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance
It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount
Knowing what stage of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions.
<h3>What is the product life cycle?</h3>
The stages that a product goes through as it enters, establishes itself and leaves the market are defined by the Product Life Cycle (PLC). The product life cycle, in other words, outlines the stages that a product is likely to go through. Managers can use it to examine their products and create plans as they move through different stages.
When a product is first introduced to the market, a company frequently faces higher marketing expenses; nevertheless, as product adoption rises, more sales are realized.
When a product's adoption matures, sales stabilize and peak, however they may decline due to competition and obsolescence. When making business decisions, from pricing and advertising to expansion or cost-cutting, the idea of product life cycle might be helpful.
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Answer:
Explanation:
the difference between a successful and an unsuccessful decision is with a successful decision you would be successful and make profit since this is the subject of business and an unsuccessful decision will make you lose profit and make you lose into Investments. there is no luck vs skill this is all skill actually. skill has to do with this because you need to have certain experience in a certain thing to be having a successful decision.
