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.
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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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Usually it is done on a monthly payment, so I would say it is C. Monthly
Answer:
Annual savings= $924
Explanation:
Giving the following information:
The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.30 per gallon. Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,000 miles per year.
Current cost= (8,000/25)*3.30 + (8,000/10)*3.30= $3,696
New cost= (8,000/40)*3.3 + (8,000/12.5)*3.3= $2,772
Annual savings= 3,696 - 2,772= $924
The answer to the question you are asking is e
