Answer:
b. works better at correcting inflationary gaps than recessionary gaps.
Explanation:
The self correcting mechanism is a automatic process in which the aggregate market eliminates an inflationary gap created by a short-run equilibrium that is greater than full employment through increases in wages and other resource prices.
Answer:
The answer is D. Income statement
Explanation:
A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as A. social commerce.
Explanation:
Social commerce is the subset of eCommerce wherein social media is used for assistance on products and costumer service. it also serves as a tool for marketing of products and assisting purchases.
Use of social media for online transactions is the insistent goal of the use of social commerce as it relies on social media for buying and marketing of the products to their potential consumer base which is able to find their product on the social media platforms only.
Answer:
B. shifts the individual's budget line rightward because she can now purchase more of both products
Explanation:
When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.
The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.
Therefore the answer to the question is option B.
1. Friedrich von Hayek------------Less government intervention gives people more economic freedom.
To Hayek, less government intervention implied more economic freedom. He trusted that when individuals are allowed to pick, the economy runs all the more proficiently. In the United States, the most grounded supporters of Hayek's thoughts were a gathering of business analysts at the University of Chicago. Known as the "Chicago School of Economics," this inexactly shaped, informal gathering of financial specialists was for the most part connected with free market libertarianism. The name alludes to financial specialists who got their tutoring in the Economics Department at the University of Chicago. To date, almost 50% of all Nobel Prizes in Economics have been won by analysts with connections to Chicago.
2. Milton Friedman---------Government should not control the money supply.
Milton Friedman saw the 1920s as years of indispensable and sustainable growth in the economy. Amid this period the Federal Reserve outstandingly extended the cash supply. This development was not reflected in an expansion in the normal cost level, on the grounds that fiscal powers were killed by simultaneous increments in efficiency.
3. John Maynard Keynes----------Government intervention is necessary for stability.
John Maynard Keynes made the hypothetical contentions for another kind of monetary system: government intervention used to smooth out the business cycle. Keynes died in 1946, yet his thoughts made the Keynesian school of financial aspects and prompted the improvement of macroeconomics. Keynes' belief system overwhelmed the financial worldview from 1945 until the late 1970s. As indicated by Keynes, free markets don't generally contain self-adjusting components; some of the time government intervention is important to limit downturns and advance development. He trusted that without state help, the blasts and busts in the business cycle could winding wild.
4. Adam Smith------------Competition is a regulatory force.
A market economy is a monetary framework in which people claim the greater part of the assets - land, work, and capital - and control their utilization through willful choices made in the commercial center. It is a framework in which the legislature assumes a little role. In this kind of economy, two powers - self-interest and competition - assume a critical job. The role of self interest and competition was depicted by financial specialist Adam Smith more than 200 years prior and still fills in as basic to our comprehension of how showcase economies work.
