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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
what is the difference between barter economy and monetary economy ?
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.
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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
what is the difference between barter economy and monetary economy ?
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.
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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 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.
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.
A channel between monetary institutions ( e.g banks ) used for monetary transfers.
difference between fixed and variable inputs