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the aggregate demand and aggregate supply curves.
The aggregate demand curve shows the relationship between the quantity of real GDP demanded and the price level when other influences on expenditure plans remain the same. When there is a movement along the aggregate demand curve, the price level changes and other factors such as expectations, fiscal and monetary policy, and the world economy remain the same
There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.
what is the difference between barter economy and monetary economy ?
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the aggregate demand and aggregate supply curves.
The aggregate demand curve shows the relationship between the quantity of real GDP demanded and the price level when other influences on expenditure plans remain the same. When there is a movement along the aggregate demand curve, the price level changes and other factors such as expectations, fiscal and monetary policy, and the world economy remain the same
There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.
what is the difference between barter economy and monetary economy ?
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There are not any similarities between a control and a variable. However, a Control Variable, is a variable.
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Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
The difference between a controlled variable and a variable is in their state. A controlled variable is something which is rigid and constant while a variable is liable to change and inconsistent.
The difference between monetary and non-monetary incentives is in how you are paid. Monetary incentives include being paid in money with some type of pay raise, bonus, or other pay. Non-monetary incentives include other type of payment including job security, promotion, or a company car.
A change in monetary policy typically takes between six months to two years to significantly influence aggregate demand. This lag occurs due to the time it takes for policy adjustments, such as interest rate changes, to affect borrowing, spending, and investment decisions by consumers and businesses. Additionally, factors like expectations and economic conditions can further extend this time frame. Overall, the exact duration can vary based on the specific economic context and the nature of the policy change.
A channel between monetary institutions ( e.g banks ) used for monetary transfers.