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What would cause the aggregate demand curve to shift to the right?
The aggregate demand curve will shift to the right as the economy expands. When that happens, the quantity of output demanded for a given price level rises.
What is the law of increasing cost means that when an economy increases the production of one item?
The law of increasing costs suggests that as an economy produces more of one good or service, it must allocate resources away from the production of other goods, leading to higher opportunity costs. This occurs because resources are not perfectly adaptable to the production of all goods; as production of a specific item expands, less efficient resources are utilized, causing the cost of producing additional units to rise. Consequently, the economy faces trade-offs, and the overall efficiency in resource allocation may decrease.
What happens to business as demand decreases?
expands and hires new employees
How does production curve describe economic growth?
The production curve, often represented by the production possibilities frontier (PPF), illustrates the maximum output combinations of two goods or services that an economy can achieve given its resources and technology. Economic growth shifts this curve outward, indicating an increase in an economy's capacity to produce due to factors like improved technology, increased resources, or enhanced productivity. As the production curve expands, it reflects the potential for higher output and greater efficiency, leading to improved living standards and economic prosperity. Thus, the production curve serves as a visual representation of an economy's potential growth trajectory.
What does stimulation of growth in a free market economy?
Investment. Investment expands the production ability of an economy, thus more goods and services are produced and sold which in turn brings more income. Going further.....part of that income is saved and the savings are used as investments. the second thing to be done is reducing taxes and intrest rates so that more money is avalable at lesser intrest thus making production cheaper and industries more profitable. Lastly--- The intent of the above is to decrease costs of purchasing goods and services.
What does the universe continue to do because of the initial big bang explosion?
expands
Which of the following is the correct description of supply side economics?
the economy expands as a result of lower tax rates.=.)
How did steel plow help expands the national economy?
because it brought more farmers into the farming comunnity
What are the prospects of marketing research in Nigeria?
As of July 2013, the prospects of marketing research in Nigeria are largely favorable. Depending on how the country develops and expands internationally, it will change dynamically.
Will the market continue to expand forever according to Adam Smith?
No, the market would not continue to expand forever; it would stop growing when the market expands to its limits, and it runs out of unused resources.
Define Loose Money Policy?
Much Money is available at relatively low interest rates, so the economy expands.
Explain how ice-wedging can weather a rock?
Ice-wedging occurs when water seeps into cracks in a rock, freezes, expands, and widens the crack. As the water repeatedly freezes and thaws, the crack will continue to expand due to the pressure exerted by the ice. Over time, this process can cause the rock to break apart into smaller pieces.
What is the scientific name for the place where the baby develops?
Uterus Eggs are first fertilized in the fallopian tubes after sexual intercourse. After approximately 4 days or so the embryo (fertilized egg) travels to the uterus where it attaches to the endometrium, or the lining of the uterus. This is where the baby will stay as it develops over the next 9 months. The baby is not in the abdomen, instead it is the uterus that expands as the baby grows. The endometrium is also what is referred to by some as the "womb".
Murcury expands when it's hot but what expands when it's cold?
Water expands when it freezes and becomes ice.
Does water continue to expand as it cools after forming ice?
No, water reaches its maximum density at about 4 degrees Celsius and starts to expand as it cools further. When water transitions into ice, it expands due to the crystal lattice structure of the ice molecules.
Explain the Benefits of linkage industries?
It stimulates the economy and expands business. it creates employment provides business with a ready market where it can channel its product in bulk reduces level of waste or garbage
What would cause the aggregate demand curve to shift to the right?
The aggregate demand curve will shift to the right as the economy expands. When that happens, the quantity of output demanded for a given price level rises.
