Excess demand in macro economics
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a
A competitive firm will demand more labor when: (1) technological advances favor automation. (2) the price of the firm's output rises. (3) more firms enter the industry. (4) the value of the marginal product is below the wage rate. (5) workers utilize
Give the answer of following question. The twin problems of the U.S. health care industry are: A) rapidly rising costs and unequal access to health care. B) declining quality of health care and the duplication of specialized equipment at hospitals. C) declining per ca
The markets in which the current market price surpasses the market clearing price experience: (1) Surpluses. (2) Declining scarcity. (3) Unexpected inventory shrinkage. (4) Shortages. (5) Raised market demands. Find out the right a
Industries which would be classified as oligopolistic comprise: (w) public utilities. (x) postal service. (y) breakfast cereal. (z) retailing. Hello guys I want your advice. Please recommend some views for above
The change in profit by producing an extra unit of good equivalents: (w) marginal revenue [MR]. (x) marginal revenue minus marginal cost [MR – MC]. (y) MR = MC. (z) ATC - AVC. Hello guys I want your advice. P
If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.
This is untrue that a firm which is a pure monopoly: (1) commonly engages in extensive advertising to differentiate its products. (2) produces a level of output which is closer to socially optimal when this price discriminates. (3) is the sole produce
Can someone please help me in finding out the accurate answer from the following question. Whenever unions and managements have failed to arrive at a collective bargaining agreement and management closes the production facilities to exert pressure on the union negotia
Assume that many students have fixed “pizza budgets.” When the price per slice falls by $10 to $1 along such demand curve for pizza weekly near a college campus, then the price elasticity of demand for pizza: (w) rises towards infinity. (x
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