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Can you discuss how the nominal and real values of things affect the aggregate behavior of a society. Give an example.?
Nominal values represent current monetary amounts without adjusting for inflation, while real values account for inflation, reflecting purchasing power. This distinction affects societal behavior as individuals and businesses may base decisions on nominal figures, potentially misjudging economic health. For example, if wages rise nominally but not in real terms due to inflation, consumers may feel financially strained despite apparent increases in income, leading to reduced spending and overall economic growth. This disconnect can distort economic indicators and impact policy decisions.
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
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.
What are the factors that would affect the aggregate demand?
Consumption, investment, government spending, net exports, and aggregate expenditures.
How would a rise in the business investment affect the aggregate demand curve?
The aggregate demand curve shifts to the right
Can you discuss how the nominal and real values of things affect the aggregate behavior of a society. Give an example.?
Nominal values represent current monetary amounts without adjusting for inflation, while real values account for inflation, reflecting purchasing power. This distinction affects societal behavior as individuals and businesses may base decisions on nominal figures, potentially misjudging economic health. For example, if wages rise nominally but not in real terms due to inflation, consumers may feel financially strained despite apparent increases in income, leading to reduced spending and overall economic growth. This disconnect can distort economic indicators and impact policy decisions.
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
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.
How would a rise in business affect the aggregate demand curve?
The aggregate demand curve shifts to the right
What are the factors that would affect the aggregate demand?
Consumption, investment, government spending, net exports, and aggregate expenditures.
How would a rise in the business investment affect the aggregate demand curve?
The aggregate demand curve shifts to the right
Is men dominating society cause of women backwardness?
The dominance of men in society has shaped the way in which women are treated. However, this does not affect their natural behavior.
Which social science is described here a research study into how peoples thought processes affect their behavior in society?
2 psychology
How does fineness modulus of aggregates affect the strength of concrete?
how does the fineness modulus of aggregate affect the strength of concrete
How does the fineness modulus of aggregates affect the strength of concrete?
how does the fineness modulus of aggregate affect the strength of concrete
Because tax cuts will likely affect both aggregate demand and aggregate supply does it matter which is affected more?
Because a tax increase will cause consumption to decrease, an aggregate demand has a greater effect.
Affect of deleterious materials on aggregate?
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