Macroeconomics‚ (Hubbard/O’Brien) Chapter 24 Aggregate Demand and Aggregate Supply Analysis 1) The static aggregate demand and aggregate supply curve model helps explain A) short term fluctuations in real GDP and the price level. B) long term growth. C) price fluctuations in an individual market. D) output fluctuations in an individual market. 2) The aggregate demand curve shows the relationship between the ________ and ________. A) inflation rate;
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Explain the aggregate supply in the short run. In the short-run‚ the aggregate supply curve is upward sloping. There are two main reasons why the quantity supplied increases as the price rises: 1. In the short-run‚ the nominal wage rate is fixed. As a result‚ an increasing price indicates higher profits that justify the expansion of output. 2. An alternate model explains that the AS curve increases because some nominal input prices are fixed in the short-run and as output rises‚ more production
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Chapter 7 The Circular Flow Model Revisited Factors of production: · Land – rent · Labor – wages · Capital – interest · Entrepreneurship – profit The important principle: In any given time period‚ the value of output produced by an economy is equal to the total income that is generated in producing the output‚ which is equal to the expenditures made to purchase that output Value of output produced = total income generated = expenditure made to purchase Leakages
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businesses expect future profits to fall. a. Explain for each event whether it changes short-run aggregate supply‚ long-run aggregate supply‚ aggregate demand‚ or some combination of them. A deep recession in the world economy decreases aggregate demand. A sharp rise in oil prices decreases short-run aggregate supply. The expectation of lower future profits decreases investment and decreases aggregate demand. b. Explain the separate effects of each event on U.S. real GDP and the price level‚ starting
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Judging by Cover The article Judging by the Cover by Bonny Gainley explains that no one should be discriminated on how the individual dresses and whatever messages it portrays to the public or in the workplace. Gainley stated “that no organization should try to change or accommodate the employee because he/she is unwilling to abide in the standards‚ unless when the standards are legal”. Likewise‚ Gainly uses emotion on her article because the reader can relate emotionally on the article.
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Solution: Computation of: Revenue Simple returns = (service fee‚ $50) x no. of simple returns demand Complex returns = (service fee‚ $200) x no. of complex returns demand Cost of permanent employees Payment for accountant = (regular rate‚ $600 per week) x no. of permanent accountant Payment for computer system = (per computer rate‚ $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant
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Manager Hoyts Cinemas Dear Sir/Madam‚ I am apply for you position as team member at Hoyts Cinemas‚ Broadmeadows. I believe I am the best candidate‚ as I not only fill the stated requirements for the position but‚ offer to your company my talents‚ determination and keen interest in customer service. I have a very welcoming personality and a warm approach to not only my employment interactions but also my fellow employees. My former position as Crew Member at KFC had allowed me to display enthusiasm
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useful if we can determine the cover or distance of the reinforcement from the nearest concrete surface of the structure without destroying or cutting the member. A large number of attempts have been made but only the method involving electromagnetic principles has been successful. (Rao‚ 1949) How a Cover Meter Works? The change of inductance of an iron cored inductor known as ‘search unit’ due to the proximity of the reinforcing bar is used to measure the ‘cover’. The search unit is moved on the
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1. Theories * Concept of gender * Before 1970s: No concept of Gender * 1970s: Concept of Gender over determinism * 1990s: Diversity of Sex * Sexual desire is not natural instinct but product of society language (for example the re-production‚ instinct‚..) * The society code of desire * “Feminist argue that media images of women are always directed at men and that women are encouraged to look at themselves and the other women the way men do” (Betty Friedan‚ 1963) *
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Relationship between algal cover and water chemistry in rockpools Ahmad Mukhris Ahmad Mahadzir ABSTARCT Intertidal rockpool is one of the harshest environment in marine ecosystem. Most of the organisms living in it has to have adaptions to survive in harsh conditions‚ especially algal. A research was done to see if abiotic factors such as temperature‚ dissolved oxygen‚ temperature and pH value could have a significant correlation with total percentage of algal cover. Initial hypothesis was dissolved
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