Answer:
What happens to the wealth effect of a change in the aggregate price level as a result of this allocation of assets?
- The consumers' wealth effect will rise since the slope of the aggregate demand curve increases as the prices of assets increases, i.e. the slope of the aggregate demand curve becomes steeper as customers become wealthier.
Will aggregate demand still be downward sloping? Why or why not?
- The aggregate demand curve sill still be downward sloping because as the price of a good or service increases, the quantity demanded will still decrease. An inverse relationship exists between price changes and quantity demanded.
Answer:
Try to Advertise and Get connections with people in your local community
Explanation:
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Answer:
Explanation:
F denote the event that the respondent is female and A denote the event that the respondent uses social media and other websites to voice opinions about television programs.
Two events are said to be independent if both events can occur together at the same time, that is the probability of one event occurring does not affect the probability of the other event occurring. Events F and A are independent event because both F and A can occur the same time simultaneously. And also if F occurs, it does not affect the occurrence of A.
The diminishing returns to specialization suggests that it is worthwhile for companies to specialize until that point where the resulting gains from trade are outweighed by diminishing returns.
<h3>What is the
diminishing returns to specialization?</h3>
This diminishing return happens when the resources can move freely from the production of one good to another within a country.
However, its suggests that it is worthwhile for companies to specialize until that point where the resulting gains from trade are outweighed by diminishing returns.
Therefore, the Option A is correct.
Read more about diminishing returns
<em>brainly.com/question/19070161</em>
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Answer:
The answer is;
Deviation is the difference between the observed value of a quantity and the true value, residual is the difference between the observed value of a quantity and the mean of the observed values
Explanation:
The error of an observed value is the deviation of the observed value from the true value of a quantity of interest (for example, a population mean).
The residual of an observed value is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean)
a month.