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Define the term Economic growth?
Economic growth can be further split into Actual growth and potential growth.Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.
What is the study of the nation's economy?
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
How would war affect aggregate demand and what happens to output and the price level?
As war is an unexpected factor that impedes the economic growth of a country, it leaves the aggregate demand with no option but a slope negatively downwards in dicating higher price levels.
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.
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
Define the term Economic growth?
Economic growth can be further split into Actual growth and potential growth.Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.
Define the term economic?
Economic growth can be further split into Actual growth and potential growth.Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.
What is the study of the nation's economy?
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
How would war affect aggregate demand and what happens to output and the price level?
As war is an unexpected factor that impedes the economic growth of a country, it leaves the aggregate demand with no option but a slope negatively downwards in dicating higher price levels.
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.
IS codes for fine aggregate coarse aggregate cement?
fine aggregate zone classification codes
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.
Did i know my aggregate?
did i know my enggineering aggregate percentage?
How much aggregate do you need to fill a hole six cubic meters?
You need six cubic feet of aggregate!You need six cubic feet of aggregate!You need six cubic feet of aggregate!You need six cubic feet of aggregate!
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 aggregate demand and what are the factors that affect aggregate demand?
nothing
What is density of 40MM Aggregate?
what is the density of 40mm coarse Aggregate
