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Explain how the aggregate demand aggreagate supply model differs from the aggrgate expenditures model?
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∙ 15y ago
FOUNDATION OD AGRAGET DEMAND?
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∙ 15y ago
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Explain the subsititution and income effect of decrease in price?
substitution effect is the explanation for the downward slope of the aggregate damnd curve.
Explain nature and scope of business economics?
Explain the nature & scope of business economics.
Name and explain five sources of debt financing?
name and explain 5 sources of debt financing
Can you sell your home when the mortgage was not reaffirmed?
You need to consult with an attorney who can review your situation and explain your rights and options.You need to consult with an attorney who can review your situation and explain your rights and options.You need to consult with an attorney who can review your situation and explain your rights and options.You need to consult with an attorney who can review your situation and explain your rights and options.
Can a mortgage balance be eliminated due to deceptive practices by the mortgage company?
You need to consult with an attorney who can review the situation and explain your rights and options.You need to consult with an attorney who can review the situation and explain your rights and options.You need to consult with an attorney who can review the situation and explain your rights and options.You need to consult with an attorney who can review the situation and explain your rights and options.
Explain why the government consumption expenditures G components of GDP falls short of actual government expenditures?
Government consumption considers spending on defense, judicial system, education, etc... It does not take into account expenditures such as unemployement benefits and social security.
How would the determination of bulk specific gravity of fine aggregate (Saturated Surface Dry basis) affected by the 500gm sample being drier than the surface-dry condition Explain that the aggregate?
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Explain the subsititution and income effect of decrease in price?
substitution effect is the explanation for the downward slope of the aggregate damnd curve.
What are the characteristics of macroeconomics?
Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.
Explain why an economic boom may result in a budget surplus?
In general, booms produce more revenue and require fewer expenditures for items such as welfare, unemployment insurance, etc.
Explain how aggregates are processed for the use as a Portland cement concrete ingredient or as a bituminous concrete ingredient?
There is nothing special about the aggregate, it is simply crushed rock that has been washed.
What economic school of thought would explain how massive government expenditures during World War 2 sharply moved the country out of the Great Depression?
Keynesian economics.
Can anyone helps to explain the links between changes in the nations money supply the interest rate investment spending aggregate demand and real GDP and the price level?
An increase in the nation's money supply lowers interest rates, thus decreases the cost of doing business. With a higher return on investment, investment spending increases and so too does aggregate supply. As aggregate supply increases, aggregate demand increases and so prices go up. Thus real GDP and APL increase.
Explain movements along the aggregate demand curve and shifts of the aggregate demand curve?
Movements along the aggregate demand curve are caused by changes in price level - real wealth effect, interest rate effect and open economy effect. If some non-price level determinant causes total spending to increase/decrease then the curve will shift to the right/left - consumption, investment, government expenditure, net exports.
Suppose that the government reduces taxes on imported consumer goods. Use the model of aggregate demand and aggregate supply to explain what would happen to the price level and the output level of the economy in the short run?
The model of aggregate demand and aggregate supply can be used to explain what would happen to the price level and output level of the economy in the short run if the government reduces taxes on imported consumer goods. This can be illustrated with a diagram. In the diagram, the aggregate demand (AD) curve is downward sloping and the aggregate supply (AS) curve is upward sloping. The equilibrium price level is determined by the intersection of the two curves. Initially, the equilibrium price level is P1 and the equilibrium output level is Y1. When the government reduces taxes on imported consumer goods, the aggregate demand curve shifts to the right. This shift is represented by the movement from AD1 to AD2 in the diagram. The new equilibrium price level is P2, which is lower than the original price level. The new equilibrium output level is Y2, which is higher than the original output level. In summary, the reduction in taxes on imported consumer goods leads to a decrease in the price level and an increase in the output level in the short run. This is due to an increase in aggregate demand.
Explain revenue expenditure?
Expenditures will be treated as revenue expenditures if it is incurred for the following purposes:Expenditure for purchasing floating assets i.e., assets meant for resale at a profit or for being converted into selling goods, such as the cost of goods, raw materials and stores.Expenditures incurred by maintaining assets in proper working order e.g., repairs to plant and machinery, building furniture and fittings etc.Expenditures incurred for meeting day to day expenses of carrying on a business e.g., salaries, rent, rates, taxes, stationery, postage etc.All revenue expenditures have to be deducted from the income earned by the firm. That is to say, all revenue items will be taken to the profit and loss account.
Explain the term budget Not Term buget or any other budget just the term Budget meaning in general please?
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past. :)
