true
Movements along the aggregate demand curve are caused by changes in price level - real wealth effect, interest rate effect and open economy effect. If some non-price level determinant causes total spending to increase/decrease then the curve will shift to the right/left - consumption, investment, government expenditure, net exports.
#1...Dr. Bland said there are no reasons its just a factor of the butanator!!! BUTANATOR: You sqeeze a tube in your hand and when something comes out it makes a demand curve of downward sloping Should be: interest rate effect wealth effect foreign-purchases effect hope it's helpful :)
Supply curve will be upward sloping in two reason,the first reason is know as the income effect and the second is know as substitution effect.
No.The Lorenz curve measures inequality of distribution of income (or wealth). The diagonal represents a distribution that is perfectly equal and you cannot get more equal than that!
true
Movements along the aggregate demand curve are caused by changes in price level - real wealth effect, interest rate effect and open economy effect. If some non-price level determinant causes total spending to increase/decrease then the curve will shift to the right/left - consumption, investment, government expenditure, net exports.
#1...Dr. Bland said there are no reasons its just a factor of the butanator!!! BUTANATOR: You sqeeze a tube in your hand and when something comes out it makes a demand curve of downward sloping Should be: interest rate effect wealth effect foreign-purchases effect hope it's helpful :)
Supply curve will be upward sloping in two reason,the first reason is know as the income effect and the second is know as substitution effect.
A verticle demand curve, where a change in price does not effect quantity.
Three things affect the trajectory of a curve ball: Coriolis effect, gravity and precession AKA spin drift.
because of the coriolis effect in the northern hemisphere, winds travling north curve to the east and winds travaling to the south curve to the west.
it is called the Coriolis effect
a movement of the production point closer to the curve
No.The Lorenz curve measures inequality of distribution of income (or wealth). The diagonal represents a distribution that is perfectly equal and you cannot get more equal than that!
wealth and power
no. unless you are soloing, ring of wealth has no effect in lootshare/coinshaire