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How many steps for aggregate planning?
1 demand analysis 2 resource.availability 3 resourceplanning 4 manufacturingrequirement planning 5 submitt plan to production departments
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
Which of these is centered on aggregate demand?
Fiscal policy is centered on aggregate demand.
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
How many steps for aggregate planning?
1 demand analysis 2 resource.availability 3 resourceplanning 4 manufacturingrequirement planning 5 submitt plan to production departments
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
Which of these is centered on aggregate demand?
Fiscal policy is centered on aggregate demand.
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
What is the relationship between aggregate planning and master production schedule?
The aggregate plan balances the Plant's capacity with demand and the MPS translates this plan into numbers of specific products in time frames.
Why interest rate has no affect on the aggregate demand?
The interest rate does affect aggregate demand. As the interest rate falls, aggregate demand increases and vice-versa.
Fiscal and monetary policies are used to shift the aggregate supply curve or the aggregate demand curve?
Aggregate demand curve.
Sample question of Aggregate planning?
want question for aggregate planning and suggested solution
Using the AD-AS framework what is the impact on equilibrium price and output when there are increase in aggregate demand and aggregate supply simultaneously?
AD-AS represents aggregate demand curve (AD) and aggregate supply curve (AS). "In the aggregate demand-aggregate supply model, each point on the aggregate demand curve is an outcome of the IS-LM model for aggregate demand Y based on a particular price level. Starting from one point on the aggregate demand curve, at a particular price level and a quantity of aggregate demand implied by the IS-LM model for that price level, if one considers a higher potential price level, in the IS-LM model the real money supply M/P will be lower and hence the LM curve will be shifted higher, leading to lower aggregate demand; hence at the higher price level the level of aggregate demand is lower, so the aggregate demand curve is negatively sloped
How would a rise in business affect the aggregate demand curve?
The aggregate demand curve shifts to the right
What is the major difference between aggregate planning in manufacturing and aggregate planning in services?
Aggregate planning in manufacturing is planning so that you allocate the right amount of resources for every process of the manufacturing so that time will be minimized when in IDLE mode. For services, aggregate planning serves to schedule your employees and it varies as to what particular season you are in. Moreover aggregate planning for services (as oppose to manufacturing) implies: 1. Most services cannot be inventoried 2. Demand for services is difficult to predict 3. Capacity is also difficult to predict 4. Service capacity must be provided at the appropriate place and time 5. Labor is usually the most constraining resource for services
