Assuming the short-run aggregate supply curve is upward-sloping, a decrease in aggregate demand (while short-run aggregate supply remains unchanged)results in a lower price level, lower output (real GDP), and higher unemployment.
<h3>
What do you mean by aggregate demand?</h3>
- The entire quantity of demand for all completed products and services produced in an economy is measured by aggregate demand.
- The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.
- Lowering income taxes will leave the government with less money for government expenditure, which will reduce aggregate demand and balance out the rise in consumer spending.
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Answer:
$2,554
Explanation:
The computation of value is shown below::-
Assume insurance purchase is N units
= $2,400 - $0.2 per dollar
= $600 - 0.2 M + M
= $600 + 0.8 M
$2,400 - $0.2 M = a - ($600 + 0.8 M) ÷ b
$2,400 - $0.2 M = a - $600 ÷ b - 0.8 ÷ b
now we will equate the situation
-0.2 M = 0.8 M ÷ b
-0.2 = 0.8 ÷ b
b = 4
Now, we will put the value of b to find out the value of a
a - $600 ÷ b = $2,400
a - $600 ÷ 4 = $2,400
a - $150 = $2,400
a = $2,400 + $150
a = $2,550
Now we will find out the a and b by putting the values
= a + b
= $2,550 + 4
= $2,554
Answer:
magine that you work for a life insurance company. You are setting premiums for insurance based on life expectancy. Assuming you charge a higher premium for people expected to have shorter lives, you know that ____older people____ will generally pay more for life insurance than ___younger people_____.
Explanation:
Setting life insurance premiums take into consideration the age of the insured (insurance policyholder). Other factors considered in setting premiums are gender, medical history, hobby, and career. Insurance premiums are periodic payments which the insured is expected to make to the insurance company (insurer) to cover the cost of the financial service being rendered and contribute to the defined benefits that will be paid upon expiration or in the event of the risk occurring.
because they are the ones that provide me goods and services.
The given change in Olivia’s work presentation happened because of Filtering
<u>Explanation:
</u>
A communication barrier is something that stops us from accessing and interpreting communications that other people use to communicate their knowledge, thoughts, and ideas.
Filtering is a transmitter that handles information in this way the recipient would be included more favorably. The number of rates in an organization's framework is the main factor in determining of the filtering. Filtering also happens when the recipient of the message enables multiple persons to pass the information before reaching their final destination.
A Few examples of filtering have included a manager who leaves her boss, the vice-president, in the midst of the bad news, with the poor sales statistics from her division.
