<u>Answer</u>:
<u>True</u>
Explanation:
Indeed, the economics student was mistaken because aggregate demand <em>follows a pattern</em> that when prices rise, consumer wealth declines, the interest rates rise, and exports become more expensive thus leading to a downward sloping of the aggregate demand curve.
Therefore, the second statement is correct (True) for saying the economics student was wrong in his statement.
Measure Success.
Leadership Team Cohesion.
Knowledge Is Power.
Reassess Goals Mid-Year.
Source:google
Answer:
<h2>The answer,in this case would be <u>Graphic Rating Scale or Likert Scale</u>.</h2>
Explanation:
- In a statistical research study,rating scale or likert scale is used indicate the intensity of magnitude of any variable or phenomenon related to the concerned research topic.
- Rating scale or likert scale is commonly used in statistical research methods such as surveys or questionnaire where various options are presented to the respondents or participants and a corresponding numerical value associated with each response options.
- The response options are scaled or ranked numerically according to the intensity or magnitude of the variable or the phenomenon which is included in the survey or questionnaire question.
- In this instance,the subordinate performance has been scaled or ranked on a rating or likert scale from 1 to 7 which represent the numerical values associated with each rank or scale.
Answer:
The correct words for the blank spaces are (in that order): short; supply; inelastic; long; elastic; responsive.
Explanation:
Supply elasticity refers to the changes in quantity supplied as a result of changes in other factors of production. It measures the responsiveness of the change in the price of that particular good or service offered. In the short term, if there is not enough output, the quantity supplied will be inelastic (less responsive). The opposite happens in the long term with higher levels of output: the supply is likely to become more elastic.
Answer:
True
Explanation:
Every economy in the real world regardless of their common designation (such as capitalism, socialism, or communism) make use of both markets and governments and is technically a mixed economy. ... Governments force allocation through involuntary taxes, laws, restrictions, and regulations.
