Answer:
Explanation:
If AD changes, then output and unemployment will change in the short run, but not in the long run. As a result, output increases and unemployment decreases. Unfortunately, this positive AD shock also means that inflation increases: An increase in AD leads to an increase in real GDP and the price level.
Answer:
Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay for it, you have no effective demand.
What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. A rise in price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a fall in price will increase the quantity demanded. When the price of a gallon of gasoline goes up, for example, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand (to be explained in the next module) are held constant.
True, Roger's grandfather's son is Roger's Father, Roger's Daughter's Grandfather can be Roger's Father
Answer: Amtrak
Explanation:
Amtrak is the example of the government corporation as, it is the corporation that are maintained by the government of the united state. It is basically set up and runs by the government and sometimes by the independent companies also.Amtrak are stand for the national railroad passenger corporation and the federal branch of government owned the stocks of the amtrak.
B. believing that one's own culture is superior to other cultures