Fluctuations in aggregate demand with no change in short-run aggregate supply bring fluctuations in real GDP around potential GDP. For instance, starting from full employment, a decrease in aggregate demand decreases the price level and real GDP and creates a recessionary gap.
<h3>What is GDP?</h3>
The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character.
Gross domestic product, or GDP as it is more commonly called, is one of the most significant. This economic indicator measures the monetary value of goods (including food items, machinery, textiles, and cars) and services (including health care, education, etc.) produced in the nation over a specific time period.
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Answer:
Which of the following would be the best
example of a “technological miracle” achieved
during the Second World War?
The continents do not float on a sea of molten rock. The continental and oceanic crusts sit on a thick layer of solid rock known as the mantle. While there is a layer of liquid rock in the earth known as the outer core, this layer is about 3000 km below earth's surface and is separated from the surface by the thick solid mantle. The tectonic plates do not slowly drift over time because they are floating on a layer of liquid rock. They drift because they are sitting on a layer of solid rock (the upper mantle or "asthenosphere") that is weak and ductile enough that it can flow very slowly under heat convection, somewhat like a liquid.
Refugees generally impose a burden on local infrastructure, the environment, and resources, but they also provide cheap labor, expand consumer markets, and justify increased foreign aid.
Answer:
Behavioural decision theory model
Explanation:
Behavioural decision theory model can be define as the way in which people makes decisions about situations because of what they think or felt about the situation.
Some people tend to always make decisions under different conditions or circumstances depending on how the condition or situation is which is why people act only in terms of what they perceive about a given situation and in some cases our values, personality and the risk involved may often influence the decision we make or the way we make decisions.
