substitution effect is the explanation for the downward slope of the aggregate damnd curve.
FHA doesn't have residual income guidelines...this applies to VA loans
substitution effect and income effect :) 100% accurate
I Don't Know :L
Your state refund may have decreased due to changes in your income, deductions, credits, or tax laws. It's important to review your tax return to understand the specific reasons for the decrease.
Your tax return may decrease when you enter another W2 form because it increases your total income, which can result in a higher tax liability.
income effect
19. What effect will the declaration and distribution of a stock dividend have on net income and cash flows? (Points : 2)No effect on net income or cash flowsNo effect on net income, decrease cash flowsDecrease net income, decrease cash flowsIncrease net income, no effect on cash flows
They both will increase (or decrease).
Income from services rendered account will decrease and debtors account will increase
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.
help me with the answer
Since exports increase a country's national income, and are determined by a number of variables, therefore an exogeneously motivated decrease (determined outside domestic control) will obviously have an adverse effect on national income.
Net income would decrease by 1,000,000 - would have no effect on cash flow.
The income effect describes how changes in a consumer's income can influence their purchasing decisions. When income increases, consumers may buy more goods and services, while a decrease in income may lead to reduced spending. This effect can impact consumer behavior by affecting their ability and willingness to purchase certain products or services.
How can capital durability eventually decrease the level of investment?
the income effect is the increase in real income you get from a drop in prices, the real income increases because you can buy more goods with the same amount of income. This is different from the substitution effect which shows this effect by you buying more of the good because it is relatively cheaper than another good, so you are substituting the expensive good in favor of the cheaper one.
the income effect is the increase in real income you get from a drop in prices, the real income increases because you can buy more goods with the same amount of income. This is different from the substitution effect which shows this effect by you buying more of the good because it is relatively cheaper than another good, so you are substituting the expensive good in favor of the cheaper one.