When there is a recession and a fall in income, in the markets for inferior goods, demands increase.
<h3>What are inferior goods?</h3>
Inferior goods are goods whose demand falls when income rises and increases when income falls.
<h3>What is a recession?</h3>
A recession is when there is a negative gross domestic product for four consecutive periods. When there is a recession, there is a decline in productivity in the economy.
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Answer:
Multiplier = Change in GDP/Change in Investment
400/200=2
800/200=4
Explanation:
Answer: Alternate form reliability
Explanation:
Alternate form reliability could be described as a reliability method where an individual carrying out a research is given two different version of the same test at different times with the aim of comparing the scores to determine how reliable the test is.
The reliability evidence seems most useful in this situation is an alternate form reliability which would give the sales representative an idea of the various results and differences in order to market the product effectively.
Answer:
a. short-run aggregate supply left.
Explanation:
<u>Aggregate Supply</u> is the total quantity of goods & services, all the sellers in economy are planning to sell, in an economy during a period of time. Short Run Aggregate Supply is upward sloping, as supply is directly related to price level.
If there is future <u>pessimism </u>in economy; due to corporate scandal, international tensions, and loss of confidence in policymakers. Then, producers will be apprehensive about their products sale, will also feel price vulnerable. This would imply that the short run aggregate supply would decrease, the SRAS curve would shift leftwards.
Answer:
d
Explanation:
the amount by which the price of wheat falls will be smaller the lower the income elasticity of wheat. So, that´s why the income elasticity of wheat is for.