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Alexandra [31]
3 years ago
9

Changes in aggregate demand

Business
1 answer:
Lelu [443]3 years ago
4 0

Answer:

The correct answer is option B.

Explanation:

The aggregate demand comprises of consumption spending, investment expenditure, government purchases, and net exports. It is a downward-sloping curve which is inversely related to the price level.  

Changes in aggregate demand are caused when there is a change in consumer spending, investment expenditure, government purchases or net exports, or all of them.  

This basically means that aggregate demand is affected by the spending decisions of the​ households, businesses, the​ government, and foreign consumers.

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Assume a two-country, two-good, and two inputs model. Let the two countries in this model be the United States and the Rest of t
mamaluj [8]

Answer: export steel and import wheat

Explanation:

According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.

In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.

Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.

5 0
3 years ago
Choose either the fashion or design industry and explain how you think the baby boomers, those born right after World War II, wi
Debora [2.8K]
The baby boomers could change the fashion industry as they transition to senior citizens because they could motivate designers to create products that meet their needs. For example, they might motivate shoe designers to design shoes that are similar to those worn by the younger generation but perhaps with more comfort and lower heels. Therefore, they will maintain their sense of fashion, but in a rather different manner.
6 0
3 years ago
A balanced economy generally has which economic state​
andreev551 [17]

Answer: A balanced economy generally has neutral economic stance.

Explanation:

A balanced economy generally has neutral economic stance. This means a balanced economy is one in which the finance of the economy I.e both the imports and exports are in equal proportion.

7 0
3 years ago
Recession, inflation, and high interest rates are economic events that are best characterized as being a. systematic risk factor
Shalnov [3]

Answer:

The correct answer is letter "B": among the factors that are responsible for market risk.

Explanation:

Market risk is the threat of an investment value falling due to factors that affect all market-wide investments. Investors always take on a certain level of risk. There is always the risk that their investments do not achieve expected returns. The risk falls into two categories: <em>Systematic risk </em>and <em>Unsystematic Risk. </em>

<em>Interest rates fluctuations, recession, and inflation are considered market risks.</em>

3 0
3 years ago
Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea
Yanka [14]

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

6 0
3 years ago
Read 2 more answers
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