Explain with the help of a diagram what is meant by equilibrium national income, and show how this equilibrium changes with changes in aggregate demand. The (inverse) demand in a Cournot duopoly is P = a - b (Q1 + Q2), and costs are C1(Q1) = c1Q1 and C2(Q2) = c...
but also creates employment and further adds to GDP. This shifts the aggregate demand curve (AD) from AD1 to AD2 as per the diagram. This doesn’t affect inflation as prices stay the same, yet GDP and employment increase. For example, in the early 90s in the UK, employment was at 25...
The SWOT diagram for the development of the use of Indigofera leaves as a natural dye in a sustainable manner on Timor Island, Indonesia, was constructed according to interviews with experts. Strengths and weaknesses are categorized as internal factors, and opportunities and threats are categorized ...