Answer:
Eight(8) percent
Explanation:
Base on the scenario been described in the question, the fed will need to the supply of money by eight (8) percent in to achieve their target.
Answer:
1. Debt-spending on education
2. Debt spending on highways and ports
3. Debt-spending on research and development
Explanation:
Following are the steps which must be taken to offset the effect of crowding out in long-run. These steps are critical. The first step is government should spend more on education. Likewise, the debt spending on highways and port is critical, that is to develop infrastructure to restructure the economy. The last step is to spend government debt on research and development process.
I would say that visually impaired individuals would tend to rely more on their ears and sounds to navigate through the world since their eyesight would at leasst be somewhat limited so for example to cross a street they will listen for the tweety bird sound and learn which cross-walk it is meant for.
Answer:
Explanation:
Price ceiling is a price regulatory system put in place by the government to check how high the price of a product can be. It is binding when it is set below the equilibrium price consequently leading to shortage of goods , but non binding if set above the equilibrium price since the price can still fall back to the equilibrium.
When shortage arises as a result of price ceiling being set below the equilibrium price , black market is formed to resolved the shortage with price set by supply and demand. Goods will be illegally sold at prices above the price ceiling.
The effect on black market in the short run will not be severe as the as demand and supply are still at the inelastic stage , but becomes severe in the long run due to elastics demand and supply.
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