Answer: d. Positive, and dog biscuits are a normal good.
Explanation:
Normal goods are goods that are positively related with income and negatively related with prices. While, inferior goods are those goods which are negatively related with income. When demand for dog biscuits rises as a result of a rise in income, it shows that dog biscuits are a normal good for Danita. Therefore, we can say for Danita, the income elasticity of demand for dog biscuits is positive, and dog biscuits are a normal good.
A relatively mild period of falling incomes and rising unemployment is called a <u>recession</u>.
What is recession?
- A recession is a significant, widespread, and prolonged downturn in economic activity.
- Because recessions often last six months or more, one popular rule of thumb is that two consecutive quarters of decline in a country's Gross Domestic Product (GDP) constitute a recession.
- Recessions typically produce declines in economic output, consumer demand, and employment.
- A recession is a significant, pervasive, and persistent decline in economic activity.
- Economists measure a recession's length from the prior expansion's peak to the downturn's trough.
- Recessions may last as little as a few months, while the economic recovery to the former peak can take years.
- An inverted yield curve has predicted the last 10 recessions, along with a couple that never materialized.
- Unemployment often remains high well into an economic recovery, so the early stages of a rebound can feel like a continuing recession for many.
- Countries around the world use fiscal and monetary policies to limit the risks of a recession.
To know more about recession, refer:
brainly.com/question/1417711
#SPJ4
Answer:
The correct answer is letter "B": Increasing the money supply could decrease aggregate demand.
Explanation:
The Aggregate Demand is a macroeconomic term describing the total demand in an economy for all goods and services at any given price level in a given period. As such, aggregate demand is the demand for the gross domestic product of a country. The relationship between the price level and the goods and services provided is inversely proportional which implies that the price level rises, the goods and services will have less demand and vice versa.
In that case, if the money supply increases so will the price levels but the goods and services provided will see a dropdown so will the aggregate demand.
Answer:
$32769.90
Explanation:
As, Amount = Principcal( 1 + Rate/100)^n
So, 25000 ( 107/100) ^ 4 (as, n = time = 4 years)
So answer= $32,769.90
Answer:
A) true
Explanation:
Globalization can be regarded as process involving interaction as well as integration that exist among firms, peopl as well as government and companies worldwide. As a result of Globalization national as well as international companies has become stable and increased in competency and thriving in giving their very best in terms of their produced products.quality in technology as well as quality in education and health sector has also been increased as a result of Globalization. It should be noted that Many influential economists, politicians, and business leaders think that a shift toward a more integrated and interdependent global economy is a good thing.