Answer: A. On the curve.
Explanation:
Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.
Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.
Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.
The answer is A.
John Kotter’s theory for leading can help business staffs to
improve their performance especially in completing assignments and improving
teamwork. His theory centers on eight
steps:
1.
Creating urgency to spur change.
2.
Forming a powerful coalition from people of
diverse talents.
3.
Make a vision of change that would inspire and
rally your group.
4.
Communicate that vision so that all of you
understand what needs to be done.
5.
Remove obstacles that would impede your goals.
6.
Create short-term wins that would help in the
short run but will contribute in the long run.
7.
Build on change while the momentum is there.
8.
Anchor that change as a model for others to
follow.
Answer: F
Explanation: The fed funds rate is the interest rate that depository institutions—banks, savings and loans, and credit unions—charge each other for overnight loans. The discount rate is the interest rate that Federal Reserve Banks charge when they make collateralized loans—usually overnight—to depository institutions.
The Right Response is Option C which is Long Term Changes in the Economy.
<h3><u>
Why Did Friedman Argued So?</u></h3>
- The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.
Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.
Therefore, "long-term changes in the economy" is the right response.
To learn more about Long Term Changes in the Economy. Click the links.
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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on
a) changes in the unemployment rate.
b) short-term changes in the economy.
c) long-term changes in the economy.
d) changes in the inflation rate.
Answer and Explanation:
As per the data given in the question,
The central bank have various tools to apply expansionary policy and these tools are :
- Reserve ratio.
- Discount rate.
- Open market operations.
The open market operations include the buying and selling of government owned securities by central bank to impact the monetary base in the economy. In case of any recession, the central bank should purchase government securities to enhance the money supply. Because whenever they do any kind of open market purchase there would definitely be increase in money in the economy. That's why increment in money supply decrease the interest rate in economy.
Nominal interest rate is the cost of borrowing so if there is decrement in interest rate, there would be consumption and investment activities. these both are the component of aggregate demand so the aggregate demand will increase, and this increment in aggregate demand helps the economy to recover in the situation of recession.
