Answer:
$100 billion
Explanation:
Real GDP is currently = $13.55 trillion
Potential real GDP = $14.0 trillion
Gap = $500 billion
Government purchases multiplier = 5.0
Tax multiplier = 4.0
To increase aggregate demand by $500 billion, the required increase in government expenditure is:
= (1 ÷ government purchases multiplier) × change in aggregate demand
= (1 ÷ 5) × $500
= $100 billion
Therefore, the government expenditure need to be increased by $100 billion.
Answer:
Elastic demand
Explanation:
The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.
Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.
Answer:
The correct answer is: emotional intelligence.
Explanation:
To begin with, the concept of<em> "emotional intelligence"</em>, in the field of business, refers to the capability of individuals to recognize their own emotions and also the ones of the others around him, in order to use that information with the purpose of guiding or leading the thinking and behavior of the group or team in order to establish better results when working together as a whole. That is why, when your boss is making an intentional effort to understand the emotions of all the office and use that information to assign the teams, then he is using the emotional intelligence to work better.
Answer:
The correct answer would be, Owner. The analyst should seek out an employee who has the role of owner.
Explanation:
An information security analyst is a person who make the computer systems of a company Safe and Secure. Firewalls and Data Encryption programs are being installed by the information security analysts in order to safeguard the company's information. Also new security trends are updated on regular basis and they keep the management informed about the security of the data and information. While developing the security program for the company, the best person who can answer the questions, about how data for a specific system is used in business and up to which extent the security is required for specific data and information, is the owner. The owner is the one who can tell the security analyst to do what he wants and requires.
