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Card 13 / 14:
splitting up the value chain
many of the different stages of producing a good happen in different geographic locations
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Questions & Answers
meaning nature and scope of macroeconomics
meaning of macroeconomics
Diksha
meaning of macroeconomics
Diksha
meaning of macroeconomics
Diksha
Macroeconomics covers aggregate or in simple words overall economy of country or world while microeconomics was just concerned with individual economies
Hamza
Hope this helped you, you can search it more on Google there is a YouTube page by the name of jacob Clifford
Hamza
How aggregate demand and output gap are related explain in the light of keynesian cross diagram
what are the jobs of an economist
study and predict economic indicators. give a economic base for polictical decision
mike
using the aggregate supply - aggregate demand model , explain how out and prices are determined , will out vary or stay fix in long run ?
can
you explain please
Tadesse
The long-run aggregate supply curve is a vertical line at the potential level of output. The intersection of the economy’s aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run.
Am I correct?
Tadesse
so it will out vary
Tadesse
no one corrects me
Tadesse
yes no-one corrects you.
Frank
but I'm here to listen your answer
Frank
aggregate supply is total of all industry supply.
Frank
In the long-run, the aggregate supply is graphed vertically on the supply curve. The equation used to determine the long-run aggregate supply is: Y = Y*. In the equation, Y is the production of the economy and Y* is the natural level of production of the economy.
Frank
yes you're correct Mr. Tedessa
Frank
😀😀 always happy. ....
Manjeck
interaction of demand and supply
aggregate demand ko aur kin namo se Jana jata hai
aggregate demand ko kin namo se Jana jata
Narayandutt
Discuss briefly, the circular flow of income in a two-sector economy.
WHY DEVELOP COUNTRIES RELY ON DEVELOPED COUNTRIES?
that is choice and want....
DJ
what is the determination of aggregate demand?
C+I
consumption + investment
Rohit
classical dichotomy and its components?
what will happen to the demand curve when there is an inflation in an economy
From my view, I think the demand curve will shift inwards.
Bobo
now it depends on what kind of inflation it is, depending on the type of inflation the movement of the demand curve can be stated.
Munimu
yes it depends on the cause for inflation. if it caused by maybe an increase in money supply, the effect is neutral in the long term, therefore there are no effects on total output in the economy, except for an increase in price
Lucas
but short term in general i think you could expect the demand curve to shift inwards as consumers experience a decrease in real income
Lucas
source of capital for the sole trader
borrowing from relatives, government grants, bank loans, personal savings, credit card etc.
Munimu
Suppose you are holding 2000 in a checking account and the price level decrease by 20 %how much it will affect your purchasing power and why
Hi Iqra, will answer your question soon.
Aleem
2000*0.2= 400
2000-400= 1600
Munimu
a price level decrease is deflation. it means you'll be able to afford to buy more with your 2000 and your real income becomes 2000÷(100-20)=2500
Lucas
the amount will decrease to 1600 and you can't be able to buy over this amount
Agogo
As an economist student discuss how the pandemic covid19 can affect the aggregate demand and aggregate supply thereby leading to decrease in GDP and standard of living of citizens of nigeria
pandemic covid19 has already resulted to recession among nations. Recession on the other hand, refers to a fall in aggregate demand due to low income, no or little savings, low productivity among firms, layoffs of workers and so on. currently, international trade is on the hold which has drastically
Okeoghene
affected the GDP and GNP of countries. This to a large extent has affected the purchasing power of consumers
Okeoghene
Hence the standard of living is questionable among nations especially among developing nations
Okeoghene
Source:
OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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