Explain how consumer's income can affect the demand curve for normal goods?

Identify the three ranges of Aggregate Supply curve. Explain the impact of an increase in the AD curve in each segment.

mestny [16]

It should be noted that the three range of the aggregate supply curve will be the Keynesian, intermediate, and the Classical range.

The aggregate supply curve simply means the quantity of real gross domestic product that is supplied by an economy at different price levels.

The three ranges of the aggregate supply curve are the Keynesian, intermediate, and Classical ranges. In the Classical range, the economy is producing at full employment.

Typically, an increase in aggregate demand (AD) will lead to a rise in the price of the goods that are supplied.

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8 0

2 years ago

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme

artcher [175]

Answer:

Total future value= $16,402.09

Explanation:

Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

6 0

3 years ago

Read 2 more answers

The three components that are most important for establishing credibility are competence, caring, and.

goldfiish [28.3K]

The three components that are most important for establishing credibility are competence, caring, and Character

Credibility includes objective and subjective elements of the credibility of a source or message. Authenticity goes back to Aristotle's rhetorical theory. Aristotle defines rhetoric as the ability to see potentially persuasive things in any situation. He classified the means of persuasion into three categories: ethos (reliability of sources), pathos (emotional or motivational appeals), and logos (logic used to support claims). Affect the recipient of the message. According to Aristotle, the term "ethos" deals with the personality of the speaker.

The speaker's intention is to appear believable. In fact, the speaker's psyche is the rhetorical strategy employed by the speaker with the aim of "instilling confidence in the audience." Credibility has two key components, he said, credibility and expertise, both of which have objective and subjective components. Reliability is based on subjective factors, but can also include objective measures such as perceived reliability.

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8 0

11 months ago

A firm that is considering purchasing a capital budgeting project with a beta coefficient greater than the firm's current beta c

Mariana [72]

Answer:

True

Explanation:

5 0

2 years ago

When there few close substitutes available for a good, demand tends to be

e-lub [12.9K]

B. relatively inelastic

8 0

3 years ago