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What is the short-run and long run-effects of the central bank lifts interest rates Using an aggregate demand demand and aggregate supply diagram?
wen der is an increase in interest rate, d government uses as a means to reduce borrowing n in the long run it curbs inflation, because der will be low investment
Inflation in the us economy tends to be?
Inflation in the U.S. economy tends to be: Question 8 options:a)a finite, one-time event resulting from a shock. b)ongoing, as increases in aggregate demand outpace increases in aggregate supply. c)a finite, one-time event as the Fed actively works to eliminate all inflation. d)ongoing, as aggregate supply is continually shifting to the left.
What is the meaning of the intersection of three curves the AD curve and the short run AS curve and the long run AS curve?
Using the AD-AS model, start with a long-run equilibrium and assume velocity V is constant, then analyze the following case: The pandemic recession is the result of adverse Demand and Supply shocks. a. What happens to the Aggregate Demand curve and What happens to the Aggregate Supply curve? b. What happens to output Y and the price level P in the short run? c. What short-run problems are created for the labor and goods markets? d. What kinds of stabilization policies are required to stimulate recovery? Describe the 5 specific tools and their directions of change to be used.
How do you calculate equillibrium price and quantity given demand and supply functions?
At the equilibrium point demand equals supply. Given the demand and supply functions say D and S, first of all equate D=S. Here both D and S are functions of quantity. i.e., D = f(Q) and S = f (Q). After equating D = S solve the equation for P and Q.
What has the author D K Ved written?
D. K. Ved has written: 'Demand and supply of medicinal plants in India'
What is a market clearing model?
The market clearing model is a model where prices adjust to equilibrating demand and supply meaning the quantity supply equals the quantity demanded. These models are useful for studying situations where prices are flexible.
In order for a price decrease to increase revenue which of the following must be true A. Demand must be elastic B. Demand must be inelastic. C. Demand must be unit elastic D. Supply must be inelastic?
A)
Why do the demand curve slope downward?
The demand curve will have a downward slope indicating ________ . A. the expansion of demand with a fall in price B. contraction of demand with a rise in price C. the expansion of demand with a fall in price and contraction of demand with a rise in price D. rise in price causes a rise in supply
What does Talk is cheap supply exceeds demand mean?
Basic Economics lesson. The price of of commodities is based on a relative relationship of supply and demand. P=D/S if you increase supply of a certain commodity, as well as decreasing the demand, the equation shows that the price will fall or that it is a "cheap" commodity. In terms of the saying... Talk isnt worth much because there is usually alot of it, and for the most part, people dont "demand" it... or want it
What is modern theory of rent?
Modern Theory of RentThis theory is also known as demand and supply theory of land. It is based on the following assumptions:1. There is always perfect competition among various cultivations.2. The fertility of different lands is same.3. The land is used for a particular job.Explanation of the TheoryThe theory explains the concept of rent in terms of demand and supply. According to the theory rent is payment for the use of land. Demand for the use of land is actually the demand for that product which is produced on it. Demand for the land will increase with increase in demand for that particular product. Since th supply of land is fixed i.e. the supply cannot increase or decrease therefore the rise or fall of rent will be entirely governed by it's demand. Thus on the side of demand rent of land is determined by its productivity not total productivity, but marginal productivity. And for supply, the supply of land in general is absolutely inelastic, as such in supply is independent of what it earns. From the following figure it is clear that the supply of land is fixed SS, while as demand is increasing from DD to D'D' and to D'' to D'', the rent is also increasing from RR to R'R' and to R''R''.ANSWERED BY KISHORBVIMED
What has the author D M Hart written?
D. M. Hart has written: 'Skilled manpower needs in the Grampian Region' -- subject(s): Skilled labor, Supply and demand
Which one is NOT an aggregate state?
Which one is NOT an aggregate state? a) fluid b) solid c) circular d) gaseous
