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3 years ago

When economists study aggregate supply and aggregate demand, what are they studying?

Business

2 answers:

hoa [83]3 years ago

8 0

The studying of aggregate demand and aggregate supply they are studying for macroeconomics.

Macroeconomics is termed as branch of economics which deals with structure, performance, and decision-making of economy.

Macroeconomist develops models which explains the relationship which is between factors for example, output, national income consumption, investment, saving, international finance and international trade.

GenaCL600 [577]3 years ago

5 0

Answer: They are studying Macroeconomics.

Explanation: Macroeconomics is a branch of economy that deals with the study of demand and supply and overall economic activities happening around as a whole instead in parts. Thus, when economists are studying aggregate demand and supply, they are studying macroeconomics and not microeconomics.

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3 years ago

The step in the formal planning process known as __________ involves studying past events, examining current conditions, and for

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2 years ago

According to the u.s. census, the multigenerational household has increased more than a third between 1990 and 2000, and represe

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3 years ago

Suppose that the u.s. government doubles its spending on health care. the _____ curve shifts _____, output _____, and prices ___

denpristay [2]

The aggregate demand curve shifts right, output increases, and prices increase when the U.S. government doubles its spending on health care.

Aggregate demand or AD refers to the total demand for all individual goods and services.

The aggregate demand and supply for an economy can be depicted by a schedule, a curve, or even an algebraic equation. Just like the demand and supply for individual goods and services.

The total quantity of all goods and services that the economy demands at various price levels is illustrated by the aggregate demand curve.

Therefore, if the U.S. government doubles its health care spending, the aggregate demand curve shifts right, output rises, and prices rise.

Know what happens when there's equilibrium or when supply and demand meet: brainly.com/question/1342403

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2 years ago

In 2021, the Marion Company purchased land containing a mineral mine for $1,150,000. Additional costs of $448,000 were incurred

babymother [125]

Answer:

Marion Company

a1) Depletion of the Mine for two years:

2018: 41,000/310,000 * $1,488,000 = $196,800

2019: 51,000/397,500 * $1,488,000 = $190,913

a2) Depreciation of Mining Facilities:

2018: 41,000/310,000 *$102,300 = $13,530

2019: 51,000/397,500 * $102,300 = $13,125

a3) Depreciation of Mining Equipment

2018: 41,000/310,000 *$46,500 = $6,150

2018: 51,000/397,500 * $46,500 = $5,966

b) Book Values December 31, 2019:

1) Mineral Mine:

Cost = $1,598,000

Accumulated Depletion $387,713 (2018 & 2019)

Book Value = $1,210,287

b2) Structures:

Cost = $102,300

Accumulated Depreciation $26,655 (2018 & 2019)

Book Value = $75,645

b3) Equipment:

Cost = $51,500

Accumulated Depreciation $12,116

Book Value = $39,384

Explanation:

a) Cost of Mine:

Land $1,150,000

Development $448,000

Less Resale ($110,000)

Total cost = $1,488,000

b) Cost of Facilities or Structure:

Building cost = $102,300

c) Cost of Equipment = $51,500 - $5,000 = $46,500

d) Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources. It is like depreciation and amortization, which lower the cost value of an asset incrementally through periodic charges to income.

e) Depreciation is an accounting method for allocating the cost (the value used up) of a tangible or physical asset over its useful life.

5 0

3 years ago