1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lana [24]
3 years ago
14

Suppose that a decrease in the demand for goods and services pushes the economy into recession. What happens to the price level?

If the government does nothing, what ensures that the economy still eventually gets back to the natural rate of output?
Business
1 answer:
ohaa [14]3 years ago
7 0
A decrease in aggregate demand causes the price level to fall. If the government takes no action to
counter this, then the actual price level will be below the price level that people expected.
Individuals will eventually correct their expectations of the price level. As they do so, prices and
wages will adjust accordingly, shifting the aggregate supply curve to the right (down). For example
if wages are sticky, in light of the lower price level, firms and workers will eventually make bargains
for lower nominal wages. The reduction in wages lowers costs of production, so firms are willing to
You might be interested in
Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is
Ne4ueva [31]

Answer:

Toby is not maximizing his utility because MUp/Pp > MUc/Pc

Explanation:

given data

marginal utility consuming peanuts =  100 utils per ounce  

marginal utility  consuming cashews = 200 utils per ounce

peanuts cost = 10 cents per ounce  

cashews cost = 25 cents per ounce

solution

we know that Toby will have maximize utility when here

Marginal utility of peanut ÷  price of peanut  = Marginal utility of cashew  ÷ cash   ..........................1

MU (p) ÷ P (p) = MU (c) ÷ P (c)

put here value

\frac{100}{10} = \frac{200}{25}

but here

10 > 8

so we can say Toby is not maximizing his utility because MUp/Pp > MUc/Pc

8 0
3 years ago
Read 2 more answers
Which data representation system utilizes both letters and numbers? binary decimal hexadecimal octal
musickatia [10]

Answer:

The correct answer is letter "C": hexadecimal.

Explanation:

The hexadecimal numeral system is composed of ten digits from 0 to 9 and six letters from the English alphabet from A to F. Letter A is given the 10 value and F values 15. Though, the decimal system composed of numbers from 0 to 9 is the most used in calculations and the binary system (composed by 0 and 1) for programming.

6 0
3 years ago
Schwartz's model suggests that: Select one: A. We are always aware of our values and how they influence us B. Values are formed
Nastasia [14]

Answer:

The correct answer is letter "D": Values may conflict with each other.

Explanation:

American psychologists Shalom H. Schwartz in his "<em>Theory of Basic Human Values</em>" proposes there are ten (10) values driving individuals' behaviors: s<em>timulation, self-direction, universalism, benevolence, power, achievement, hedonism, tradition, conformity, </em>and <em>security</em>.

<em>According to Schwartz, some values like benevolence and power conflict with each other but some others such as conformity and security are compatible.</em>

3 0
3 years ago
How do I submit an answer to Brainly?
KiRa [710]

Answer:

You just did-

5 0
2 years ago
Read 2 more answers
What is one of the best known functions of The Consumer Product Safety Commission?
Alik [6]

Answer:

<u>product recalls</u>

Explanation:

Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.

Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>

8 0
3 years ago
Other questions:
  • What advertising media offers live and interactive product demonstrations
    14·2 answers
  • M&amp;m's famous slogan, "melts in your mouth, not in your hand," is an example of a(n): promotional mix. basis for lifestyle st
    5·1 answer
  • The term "opportunity cost" is best defined as:
    6·1 answer
  • Some analysts use the short-run and long-run effects on the aggregate demand–aggregate supply model to argue that expansionary m
    6·1 answer
  • A BBB-rated, $1000 face value, corporate bond has a yield to maturity of 8.2%. A U.S. Treasury security has a yield to maturity
    10·1 answer
  • The example approval form in the activity shows that
    13·2 answers
  • John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
    13·1 answer
  • Answer the following questions on the basis of the following three sets of data for the country of North Vaudeville: (A) (B) (C)
    7·1 answer
  • For each of the following shifts(A,B,C,&amp;D) in the demand curve and associated price change of a complement or substitute ite
    14·1 answer
  • Among ________, women and men shop on the Internet with equal frequency, and men tend to spend more per purchase transaction tha
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!