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Montano1993 [528]
3 years ago
13

What is a great demand

Social Studies
1 answer:
bazaltina [42]3 years ago
4 0
If you mean supply and demand, then

supply: how much of something you have
demand: how much people want it


so if the supply is high (there are alot of product) and demand is low (not many people want it), then the prices are usually low, but



exg gassoline

so there is a limited supply in the world so the supply is low, but the demand is high (many people need gas) so the prices are high

so gas is on of them
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Answer:

Deirdre believes that five pennies have more value than two nickels

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Conservation is knowing really that at times, things can be in the same in quantity even though there is a slight or large change in the appearance of that thing. .

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2 years ago
Why is persistent unemployment a possibility in the Keynesian model but NOT in the classical model?
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<h3><u>Full question:</u></h3>

Why is persistent unemployment a possibility in the Keynesian model but NOT in the classical model?

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B) The Keynesian model assumes that people work for motives other than those of earning an income for themselves and supporting a family.

C) The Keynesian model assumes that workers can lose their jobs to foreign competition during economic downturns.

D) The Keynesian model assumes that nominal wages are inflexible downward.

<h3><u>Answer:</u></h3>

The Keynesian model assumes that nominal wages are inflexible downward - is persistent unemployment a possibility in the Keynesian model

<h3><u>Explanation:</u></h3>

The classical model is quite the usual microeconomic principles. Keynes claimed that the classical model is not common. In the classical model, the basis for the rationalizing is notional demand and supply, which implies market equilibrium. Keynes proposed the idea of aggregate demand, the overall demand for products and services in the economy.

Keynes supposed that the unemployment force persists regularly. Keynes was suspicious that the economic dominance of demand and supply drive the economy to a common equilibrium. Rising government spending or cutting taxes will boost aggregate demand.

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