What happens to the Phillips curve if the inflation responsiveness to unemployment decreases? Does it become flatter or steeper; does it shift down or not shift? According to Keynes, if aggregate demand falls, what will happen to the real GDP and the price level...
What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell, and the price of the tea fell? What does it mean when GDP decreases? How do supply and demand work together? How does minimum wage affect supply and demand?
If more than one person in the family wants to exercise is very expensive, it is better to invest in a good quality treadmill that will serve your family for years to come. Most treadmills have good warranties that give assurance you’ll get the most for many years. One great thing ...
Is the US economy strong? It isthe world's largest economy by nominal GDP and net wealthand the second-largest by purchasing power parity (PPP). It has the world's fifth-highest per capita GDP (nominal) and the seventh-highest per capita GDP (PPP) in 2021. What would happen if the ...
Modernity was always going to happen. Rampant ecological destruction was always going to happen. If it happened in the past, because humans are a species then it will happen in the future, once that becomes possible, whether with some future hominid species or any other species that has the ...
What would happen if I was afraid of making a mistake? Maybe because of that I wouldn’t have the courage to do anything. But I don’t need to be afraid, and that’s why I have the courage to do these things. Tapio Lahtero TH: That’s fascinating. I’d like to get your take...
When the price of bonds decreases, the interest rate rises. Explain why. If the money multiplier is 3 and reserves are increased by $600,000, what will happen to the money supply? a. Decrease by $200,000 b. Increase by $200,000 c. Increase by $600,000 d. Increase by...
What happens to unemployment when real GDP decreases? Could a country's nominal GDP shrink and its real GDP grow? If no, why not? If yes, how? What will happen to Real GDP if autonomous spending rises and the economy is operating in the horizontal se...
What Will Happen If Hyperinflation Occurs? Hyperinflation doesn't occur without any indication. The Federal Reserve will implement any monetary policy tools allowed to ensure that it doesn't happen if economists in the U.S. see signs on the horizon. This happens long before inflation can reach ...
Central banks of developed economies, including theFederal Reservein the U.S., monitor inflation. Ifinflationoccurs too rapidly, it can push prices for basic necessities out of reach. Inflation also erodes consumer purchasing power, devalues currency, and can interfere with the ability to save. ...