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Card 15 / 24:
On a microeconomic demand curve, a decrease in price causes an increase in quantity demanded because the product in question is now relatively less expensive than substitute products. Explain why aggregate demand does not increase for the same reason in response to a decrease in the aggregate price level. In other words, what causes total spending to increase if it is not because goods are now cheaper?
The course author didn't provide an answer for this question
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Questions & Answers
If a good is a normal good, which of the following statment is correct
why did nominal GDP rise by morethan real GDP during Q3 of 2020? what accounts for the difference?
nominal GDP is not adjusted to the inflation, real GDP is adjusted.
Aisha
Which countries' nominal GDP?
Anton
or global GDP? gross world product :) I think that is a relevant detail
Anton
nominal GDP use current year in calculation of GDP while real GDP use base year in calculation of GDP,
HASHIM
exchange of goods and services
Uzair
how do u understand real income
Income that earned by factor of production is called National income
Piyush
what is trade balance
Aqsa
real income is the income after the adjustment of inflation, we use base year in it's calculation
HASHIM
anyone to shade more light on elasticity demand?
How are the diminishing marginal utility and negatively sloped demand curve related
what are the types of trade cycle
no saving and tax always subtract from NDPmp
these are not part of national income
Piyush
tax always subtracted from?
Keyrene
tax are always subtracted from what?
Asante
keynesian consumption function explain and function
is saving and direct taxes part of income method?
Keyrene
then where should it belong?
Keyrene
what is the rules of macroeconomics
Q1. Discuss the comparative analysis of different economic systems
which are prevalent around the world. Give detail examples of different
countries where different economic systems are in operation. Also
discuss how these countries solve the three basic economic problems of
what, how and for whom to produce.
as interest rates increase what happens to planned investment and aggregate expenditures
what is the Demand curve
Patrick
how does one analyze a market where both demand and supply shift
explain and justify the effect of the event to the demand and supply for direction then apply the elasticity concepts for extent , support with diagrams
samantha
objective of macro economic
Source:
OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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