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Why do most economists use the aggregate demand and aggregate supply model?
Because using aggregate demand and aggregate supply is a good way to see the big picture of the economy, which is most of the point of macroeconomics, and because they can be related to each other in meaningful, logical ways.
What is the best way to describe a free market in economics?
A free market in economics is a system where prices are determined by supply and demand, with minimal government intervention. Participants are free to buy, sell, and produce goods and services based on their own choices and preferences.
How does price level affect aggregate supply and demand?
Yes. if a price is lower, then then demand will be higher, because a person will get a relative value for less cost than it had before, and therefore more people will buy more products. and the other way around.
What best describes marx's theory of communis?
The best way to describe Karl Marx's theory of communism is that he aimed to redistribute wealth.
What did the supporters of supply-side economics believe was the best way to improve the economy?
cut taxes to increase investments
Why do most economists use the aggregate demand and aggregate supply model?
Because using aggregate demand and aggregate supply is a good way to see the big picture of the economy, which is most of the point of macroeconomics, and because they can be related to each other in meaningful, logical ways.
How do you use aggregate in a sentence?
In aggregate, your earnings are impressive and enviable.The aggregate has the support of all the people in the neighborhood, would be one way to use aggregate in a sentence. Aggregate means a combined total or combined group.
What is the best way to describe eisenhower policies?
they were moderate
Is the best way to describe Eisenhowers policies?
they were moderate
What is the best way to describe Eisenhowers's policies?
they were moderate
Which of the following is the best way to describe what technology does?
Improves results
What is the snynonms for the word celebration?
Party {is the best way to describe it }
What is the best way to describe the steerage portion of a boat?
unhealthy
Briefly describe the process?
There are many ways to briefly describe a process. The best way to briefly describe a process is to put it in steps.
What is the best way to install a water supply line for a sink?
The best way to install a water supply line for a sink is to turn off the water supply, connect the line to the faucet and the shut-off valve, and then test for leaks before turning the water back on.
What is a parallepiped?
The best way to describe the parallepiped is that it is a 3-d parallegram.
What is the best way to describe an active directory tree?
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