Answer:
Answer is option b i.e. will produce a plan that may not be the best plan.
Explanation:
Simulation is the technique used to create an artificial environment that is similar to the real-life situation to study various problems and how to tackle them. However, it is not the full proof plan which means it is based on certain probability and chances that a certain situation might arise. Many times situations are not as planned and here we cannot solely depend on the solution that we have learned during the simulation process. Therefore, the simulation will provide us with a plan that may or may not be the best plan.
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:
Know where the product belongs
Explanation:
It won't end up in the right spot if you don't know where it goes
Answer:
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Explanation:
