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3 years ago

If aggregate demand (ad and nominal gdp (gdp increase while the price level is constant, we would conclude that:

2 answers:

8 0

If the aggregate demand is increasing while the price level remains constant, it means that the spending and consumption in a macroeconomic setting is increasing. Given the constant range prices, consumers are now able to spend more therefore pushing the demand higher.

Orlov [11]3 years ago

6 0

An increase in aggregate demand indicates a good economy having low prices of goods that are consumed by the people. Low unemployment rate and a well-managed government expenditure is part of an increase in aggregate demand.

The gross domestic product on a nominal basis is the total economic standing of a country an increase would tell that there is a significant improvement in the economy.

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What is the law of comparative advantage?

Lelu [443]

A country is better off producing the goods and services that it has a comparative advantage supplying.

3 0

3 years ago

Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t

Mama L [17]

Answer:

Explanation:

Labor Input Physical output

10 500

11 600

12 690

13 760

14 800

marginal output of 11 th labor = 600 - 500 = 100

price of each product = 7

marginal revenue product of 11 th labor 7 x 100 = 700

B )

price of each of the goods sold = 10

marginal factor cost of labour = 700

minimum no of goods to be sold to cover the labour cost

= 700 / 10 = 70

no of goods added due to addition of 11 the labour = 100

no of goods added due to addition of 12 the labour = 90

no of goods added due to addition of 13 the labour = 70

so no of units of labor upto which the firm will continue to hire

= 13 .

7 0

3 years ago

A second mover: a.is typically ineffective in its response to a first mover. b.attempts to provide a product with greater custom

Viktor [21]

Answer:

b. attempts to provide a product with greater customer value than the first mover.

Explanation:

In marketing, it is believed that the first mover gains an edge over the followers. A first mover is the initial entrant and provider of products and services catering to a marketing segment.

A second mover refers to the immediate next of the first mover. The advantage second mover has over the first mover being, it can analyze the response the first mover generated and effectively gauge what went right and what went wrong for the first mover.

This way, the second mover can provide improved products than the first mover by not committing same errors as the first mover.

5 0

3 years ago

which question or questions should you ask yourself when determining how much money you can afford to spend on a mortgage

Sati [7]

What is my income. then subtract
what are my ordinary monthly expenses.
what is my weekly allowance.
what are my incidentals
what are my insurance and taxes going to be.
are these included in the mortgage.
allow 10% for tithing
clothing costs
medical copays.
do you get paid for sick days.

3 0

3 years ago

When one party to a transaction has incentives to engage in activities detrimental to the other party, there exists a problem of

Juli2301 [7.4K]

Answer: Moral hazard

Explanation: As per economic principles, if an individual increases the exposure to risk when covered by insurance, moral hazard happens, particularly when an individual takes further risks just because someone carries the burden of all those consequences.

There can be a moral hazard at which one party's policies may modify to the disadvantage of someone else after a business transaction has occurred. Moral hazard may arise through a type of asymmetric information in which the threat-taking group to trade is more aware of its motives than the person bearing the risk's implications.

Thus, from the above we can conclude that the correct option is A .

5 0

3 years ago