Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?
In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.
Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.
Explanation: hope this helps
Answer:
Option B
Explanation:
In simple words, Models of weather stations are visual representations displaying the weather taking place at a specified monitoring station. The stations design was developed by meteorologists that incorporate a variety of climate components into some kind of small area on satellite images.This model has been of high use to prepare for the natural calamtites in advance but it does not influence the project in any way.
Answer: 1. STATEMENT 1
2. It has achieved efficiency.
Explanation:
1. The students who will pay for them at that price will receive the vaccines if the university health center sell them for this price. In this case the theory of free market comes into play, those who have the money will get the resources.
2. The free market theory helps to establish efficiency. If the resources were to be distributed for free the demand will exceed supply resulting in inefficient use of resources.
Answer:
Advocates of the efficient market is of the belief that information that is made available publicly is usually reflected in security prices and thus adjustments in price to new information will occur swiftly. Hence, under the EMH, there are no guarantees on the prices of the stock market and thus no investment rules that can bring superior returns. In this light, investors would rather not deviate from the market index.
On the other hand, advocates of behavioral finance is of the belief that biases in behavior is capable of causing stock market prices to be inefficient. Hence making the investors to believe that a deviation from the market portfolio would be advantageous although the level of risk may be high.
Explanation:
Answer:
What is the most important reason business communication should be complete? It allows people to effectively act on the message right away
