Question on hypothetical economy
Consider that aggregate demand and the short run supply for any hypothetical economy are as : Why will a price level of 150 not be an equilibrium price level in this economy? Why not 250?
Consider that aggregate demand and the short run supply for any hypothetical economy are as :
Why will a price level of 150 not be an equilibrium price level in this economy? Why not 250?
Expert
At price level of 150, real GDP supplied maximum is $200 billion, less than the real GDP demanded of $400 billion. The shortage of real output will drive the price level up. At price level of 250, real GDP supplied is $400 billion that is more than the real GDP demanded of $200 billion. The surplus of real output will drive down the price level. Equilibrium takes place at the price level at which AS & AD intersect.
i want to write final state report. My state is Texas. You can use the resources that i attached, also you can use another resources to cover the outlines.
Allocation: The distribution of funds or costs from one account or misuse to one or more accounts or appropriations (example, the allocation of employee compensation funding from the statewide 9800 Budget Act items to the departmental Budget Act items
Budget Bill: The legislation symbolizing the Governor’s proposal for spending authorization for the subsequent fiscal year. The Budget Bill is all set by the Department of Finance and submitted to each house of the Legislature i
Consumer's advocates expressed concern over such merger possibilities. Elucidate this statement.
State time dimensions of the income statement, the balance sheet, and the statement of cash flows? Describe. The income statement is such as a video: This measures a firm's profitability on a period of time (that can be a week, a
How is finance associated to the fields of economics and accounting?
Normal 0 false false
Assembly: The California's lower house of Legislature included of 80 members. As an outcome of Proposition 140 (that is, passed in 1990) and Proposition 28 (that is, passed in 2012), members elected in or after 2012 might serve 12-years in the Legisla
What are the methods to determine Promotional Budget? Explain in brief.
causes and solutions to international bank crisis
18,76,764
1958481 Asked
3,689
Active Tutors
1421770
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!