Why is marginal revenue curve half of the demand curve? Why can't an economy generate its own aggregate demand when needed? Why is the demand curve horizontal in a perfectly competitive firm? Explain why the market price may not be the same as the equilibrium price. ...
Why short run aggregate supply is upward sloping? Explain why the labor demand curve slopes downward. Recall that there are two reasons. Give 2 reasons why Marginal Revenue of a pure monopoly is downward sloping? Explain why the TE curve is upward sloping because the consumption function...
In a society as a whole, when disposable income increases, people spend or save more, leading to a growth in overall consumption.Consumer spendingis one of the most important measures of demand, in turn driving business expansion and the creation of jobs. Sponsored Trade on the Go. Anywhere,...
While we found that weak demand hurt productivity growth in the aftermath of the financial crisis, looking ahead, there is concern that some demand drags may be more structural than purely crisis-related. There are several “leakages” along the virtuous cycle of growth. Broad-based income growth...
”Footnote1It is considered a given nowadays, at least since the decline of the New Public Management paradigm (Drechsler2009), that the public sector, unlike the private sector, has to take a number of extra factors into account, such as the need for a certain formality, additional legal ...
In a strict sense, the intellectual history of UBI is roughly half a century old. But the idea that the government should somehow prop up everyone's earnings has cropped up repeatedly over the past two centuries as a: Citizen'sdividend ...
That is, if pre-IIJA total demand was 100 msf for example, then the effect of the IIJA is to raise marginal demand by 1.2 msf. The boost is highest for industrial (1.5%) and lowest for retail (0.8%).Last but certainly not least, laced throughout the IIJA are multiple provisions ...
As several studies have indicated, the infrastructure for all these government-maintained services is aging and unable to keep up with population growth and demand [14,15]. Trucked-in delivery also sets an upper limit on household heat and water usage1 making these essential services subject to ...
Why do I feel so squeezed?As I solicited questions for this book, the one above kept coming up, in one form or another. And while I’m not happy about that, it is affirming, because it is, in my view, the great, unanswered economics question of our time.It...
’ perspective, carbon tax directly reduces the demand of energy-users, while resource tax directly reduces the energy production. So, the question can be transferred to the comparison betweenthesupply controlandthedemand control. Will the effect be the same when it reaches the same marginal cost...