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Aggregate supply reflects billions of production decisions made by?
Wiki User
∙ 12y ago
consumers when they decide which products to purchase
Wiki User
∙ 12y ago
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What best reflects Marxist economic and social thinking?
Wealthy people control production, powerless working, revoultion brings change.
What is an IS curve?
It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So called because, in a closed economy with no government, it also reflects the combinations of the interest rate and national income for which investment equals saving, I=S. In general, it reflects points for which injections equal withdrawals.
Is minimum wage a price floor?
A minimum wage could be considered a price floor because it sets a wage floor on the price of labour. Since labour is an important factor of production, and price reflects the cost of production, then higher wages correspond to higher prices if there are no productivity gains.
What reflects an accurate argument in favor of a command economy?
Which statement reflects an accurate argument in favor of a command economy
GDP only measure current production according to my lecture notes What is the definition of production. Goods PRODUCED?
GDP per capita reflects the income of individuals, and can be used to compare countries whereas GDP reflects the total income in the economy and can't be used to compare economies with different populations. For example: If the GDP of country A is 100 and country B is 200, it appears that country B is better off. But if country A has a population of 50 and country B has a popultion of 200, then each citizen in country A has an income of 2 and each citizen of country B has an income of 1, so country A is actually better off.
How do you use rectitude in a sentence?
Her rectitude in making business decisions reflects well on our company's reputation.
How is rectitude used in a sentence?
Her rectitude in making business decisions reflects well on our company's reputation.
What government type reflects Thomas hobbes philosophy of government?
A country is controlled by a king who has the absolute authority to make decisions.
What government types reflects Thomas Hobbes philosophy of government?
A country is controlled by a king who has the absolute authority to make decisions.
What government types reflects Thomas Hobbes' philosophy of government?
Thomas Hobbes' philosophy of government aligns with an absolute monarchy or authoritarian government. Hobbes believed in a powerful ruler with centralized authority to maintain order and prevent chaos. He emphasized the need for a strong government to control society and protect individuals from their own selfish and destructive tendencies.
In modern times what characteristic of the US government reflects the ideas expressed in sentence 4?
The government spends billions of dollars a year on space exploration and technology.
What best reflects Marxist economic and social thinking?
Wealthy people control production, powerless working, revoultion brings change.
What is an IS curve?
It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So called because, in a closed economy with no government, it also reflects the combinations of the interest rate and national income for which investment equals saving, I=S. In general, it reflects points for which injections equal withdrawals.
What is IS curve?
It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So called because, in a closed economy with no government, it also reflects the combinations of the interest rate and national income for which investment equals saving, I=S. In general, it reflects points for which injections equal withdrawals.
Are there schools that specialize in broadcast television production?
There are several schools that specialize in broadcast production in the United States alone. This gives a student the opportunity to attend a school that reflects both their income bracket and their specific areas of interest.
What is a purposeful citizen?
A purposeful citizen understands their roles as a citizen and reflects on their values and responsibilities.
Assembly lines and mass production have dramatically changed the standard of living for most people in the US Which statement best reflects this change?
Mass production makes goods more available for consumers, thus raising the standard of living in the country.
