Adjust the graph to show the effect of a decrease in the aggregate price level.
Which of the statements offers the best explanation for the change demonstrated in the graph?
a. Prices of goods and services decrease on average.
b. The prices of a few goods in the market dropped substantially.
c. Consumers purchase less of one product, like cars, and more of another, like clothing.
d. The law of demand dictates the behavior of the aggregate demand curve.
Answers
The effect that a decrease in the aggregate price level will have is that
Prices of goods and services decrease on averageWhat did the graph depict?Generally, if there is increase in aggregate demand, there will be an increase in the price level and a decrease in aggregate demand corresponds with a lower price level.
Thus, the statements that offers the best explanation for the change demonstrated in the graph is that prices of goods and services decrease on average.
Therefore, the Option A is correct.
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Related Questions
Suppose that because of globally adverse meteorological conditions, there are serious concerns of climbing prices in an extensive group of commodities. As a result, people now expect an acute increase in the level of input prices. The figure shows aggregate demand (AD), short‑run aggregate supply (SRAS), and long‑run aggregate supply (LRAS). Move one or more of these curves to describe the short‑run effect this would have in the economy and answer the two questions.
In the short run, price level
- decreases.
- The change is indeterminate.
- increases.
In the short run, real GDP (or aggregate output)
- increases.
- The change is indeterminate.
- decreases.
Answers
The way that the curves are known to affect the economy in the short run is:
In the short run, price level increases.In the short run, real GDP (or aggregate output) increasesWhat is the short run agrregate supply?This is an economics model that is used to show what happens in the econmy between the aggregate output and the price level.
In the shortrun the prices are said to be sticky, and there is a positive relation existing for GDP and the price level.
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In epic 2015 epic is a system that
Answers
Answer:
EPIC is full feature procurement management system. EPIC improves Procurement Agent productivity, reduces cost for paper and storage and increased quality in procurement processes. The EPIC application is comprised of business modules that support the following procurement process flow: Purchase Requisition Management
Explanation:
What is huggies? XD do some people on brainly require this?
Answers
Answer:
Huggies is an American brand of disposable diapers and baby wipes that is marketed by Kimberly-Clark. Huggies were first test marketed in 1968, then introduced to the public in 1978 to replace the Kimbies brand.
yes people on brainly require this
the child..
It is the year 1870, and Julian and several other 10-year-old boys are working in a coal mine. About how many hours can they expect to work a day?
no more than 8
8 to 12
12 to 19
more than 20
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Answer:
12 to 19
Explanation: just took the test
Choose one of the documents described in this
interactivity and explain how it reflects the ideas about individual rights that the
English colonists brought with them to North America.
Answers
The Magna Carta is a document that the colonists brought to North America.
What is the Magna Carta ?This is a book of rights of the English people which was written by King John. The document establishes the rights of the citizens of the nation.
The contents of the bill of rights is part of what influenced the constitution of the united States. Such as free speech.
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Please help!
BigMed, a profit-maximizing firm, has a patent on a medical device, making it the only producer of that device. The graph above shows BigMed's demand , marginal revenue , average total cost , average variable cost, and marginal cost curves
(a) Calculate BigMed's total revenue if the firm produces the allocatively efficient quantity . Show your work
(b) Starting at a price of $100, if Big Med were to increase the price by 2%, will the quantity demanded decrease by more than 2%, by less than 2%, or by exactly 2%? Explain
(c) At a quantity of 10 units, is BigMed's marginal product increasing , decreasing , or constant ? Explain
(d) Identify the quantity that maximizes BigMed's profit. Explain. (e) At the quantity identified in part (d ), does BigMed earn a positive economic profit , a negative economic profit , or zero economic profit ? Explain.
Answers
Bigmed's total revenue if the firm produces allocative efficient quantity will equal $5,700.
What is Allocative Efficient Quantity?Allocative efficiency in economics is triggered when price = marginal cost. The point on the graph where this happens is the point where price equals $100 and quantity = 57.
Because revenue is price x quantity, we therefore have:
$100 * 57 = $ 5,700.
Hence A = $ 5,700
B) With a change in the price of 2% the quantity demanded will most likely remain at 57 or very close to 57 because in that region, the price is inelastic.
This can be proven by calculating the demand reaction when the price moved from $68 to $100. The price elasticity for that change in price was -0.78 (that is, inelastic).
So if for a price change of 32% the quantity changed was negligible, then 2% will be more inelastic.
C) At the quantity demanded of 10 units, there is insufficient information to determine the condition of the marginal product.
D) Profit is always maximized at the point where Marginal Cost (MC) = Marginal Revenue (MR). That is MC = MR.
Hence the quantity (Q) that maximizes BigMed's profit is 44 Units.
E) At the quantity identified above, the firm is earning negative economic profits which is a loss. This is because of the price where MC=MR is lower than the Average Total Cost (ATC).
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Which of the following is true about culture?
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Answer:
I can not see the items to choice.
How is self-justifying memories the same as or
different from lying?
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Answer:
self-justifying memories are more powerful and more dangerous than explicit lies. It allows people to convince themselves that what they did was the best thing they could have done.
Answer:
It is not the same thing as lying or making excuses.The self-justifying mechanisms of memory would be just another charming
from what im getting
what is the harrod domar growth rate?
Answers
Answer:
Warranted Growth Rate. In the Harrod-Domar model, the growth rate at which an economy will neither expand unsustainably nor go into recession. The warranted growth rate is equal to the savings rate of the economy divided by its capital output ratio.
Explanation:
Answer:
The Harrod–Domar model is a Keynesian model of economic growth. It is used in development economics to explain an economy's growth rate in terms of the level of saving and of capital. It suggests that there is no natural reason for an economy to have balanced growth.
If party is unhappy with the decision handed by the U.S. Court of Appeals, what is their next step?
A. File an appeal with the U.S. District Court
B. There are no other options after the U.S. Court of Appeals.
C. File a second appeal with U.S. Court of Appeals and hope for new judges.
D. File an appeal with the U.S. Supreme Court and hope that they will take the case.
Answers
The answer will be
D. File an appeal with the u.s supreme court and hope that they will take the case.
Our government was created to _____________ the rights of all citizens of the United States.
Answers
Answer:
protect and preserve
Explanation:
The United States government grants certain rights to all of its citizens. This is made possible by the US Constitution, which is the highest law in America. It comprises ten amendments or articles and is collectively known as the Bill of Rights. The Constitution guarantees that your rights are preserved and protected.
Which two statements about the Mercator projection shown here are true?
It shows lines of longitude at different distances from one another.
It was developed primarily as a navigational tool for sailing.
It exaggerates the size of countries near the poles.
It is an example of a planar projection.
Answers
Answer: the size of all countries is accurate but the shape is distorted
Explanation:
hope i helped out
Policemen and the court system are examples of mechanisms of
о
Social control
Anomie
O
Deviance
O
Social exchange
Answers
Answer:
A
Explanation:
Social Control is the exact role that officers like policemen and courts like judicial and supreme courts play as a mechanism.
which countries where on the central power in the world war 1
Answers
Answer:
Explanation:The Allies described the wartime military alliance of Germany, Austria-Hungary, Bulgaria and the Ottoman Empire as the 'Central Powers'.
difference between Federal legislature and executive on the basis of its work
Answers
Answer:
The chief function of the legislature is to enact laws. The executive is the organ that implements the laws enacted by the legislature and enforces the will of the state.
Using the vertical long-run aggregate supply curve, an increase in aggregate demand would have which of the following effects in the long run?
No change in aggregate output and a rise in the price level.
No change in aggregate output and a fall in the price level.
A decrease in aggregate output and a fall in the price level.
An increase in aggregate output and a rise in the price level.
Answers
During a period of growth, a business can expect to experience:
A. a decrease in opportunity costs.
B. an increase in opportunity costs.
C. an increase in productivity.
D. a decrease in productivity.
Answers
C. An increase in productivity.
16. One of the following causes market failure. Identify it. A. production efficiency C. perfect competition B. A locative efficiency D. A locative inefficiency
Answers
Answer:
D
Explanation:
Allocative inefficiency is bad and causes the economic market to crash because it is the opposite of allocative efficiency, which essentially is good for the market because it can increase the amount of money earned and has many monopoly effects. The price can increase and rise above the margin as well. People won't buy it if it is expensive.
What are the current two main political parties of the United States?
Answers
Answer:
democratic and republican
Explanation:
Answer:
democratic and republican party
Explanation:
hope this helped!
how does the Legacy Program impact the developing child ?
Answers
Answer:
The Legacy program is built on the notion that, regardless of their circumstances, caregivers can have a substantial impact on their children's development. According to research, how parents connect with their children has a constant impact on their children's future achievement.
Researchers found that fewer children displayed behavioral and socioemotional problems when their low-income mothers participated in a public health program promoting positive parenting.
Which of the following would be most likely to cause the short-run aggregate supply curve to shift left?
A reduction in oil prices due to increased drilling.
A rise in government spending.
A decrease in investor confidence.
A spike in food prices due to a drought.
Answers
Reduction in oil prices reduces aggregate production cost and consequently shift the aggregate supply curve to the right
A rising government spending shifts aggregate demand but does not affect aggregate supply
Investor confidence may raise investment and shipped aggregate demand however it will not shift aggregate supply
171) Sociology studies why a person decides to join certain groups.
A) False
B) True
Answers
All of the following climate regions are found in Southeast Asia, except __________.
Answers
Answer:
Humid Subtropical
Explanation:
I don't know if this will help but I hope it does! :)
The country of Doomsville is currently in a recession. The government of Doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. Would this policy help or hurt the recession?
This policy would have an unknown effect on Doomsville’s economy.
This policy would likely make Doomsville’s recession worse.
This policy would likely have no effect on Doomsville’s economy.
This policy would likely help Doomsville recover faster.
Answers
As changes in taxation are among the main tools of economic policy, their effects on the economy have been exhaustively studied
Choose the sentence with the correct capitalization.
A. The mother adored her daughter's performance in Romeo and
Juliet.
B. The Mother adored her daughter's performance in Romeo and
Juliet.
C. The Mother adored her Daughter's performance in Romeo and
Juliet.
D. The mother adored her daughter's performance in Romeo And
Juliet.
Answers
Answer:
C
Explanation:
Because capitalize words such as Mother, Father, Grandmother, Grandfather, Son, Daughter, and Sis when they are used in place of the person's name. Do not capitalize them when they follow possessive pronouns such as her, his, my, our, you
Answer:
A, sentence is correct
Explanation:
b- mother should not be capitalized
c- daughter should not be capitalized
d; and should not be capitalized
PLLLLSSS MARKKK BRAINLIESTT!! hope this helps :D
What do you call it when a bowler makes three strikes in a row?.
Answers
Answer:
oh its letting me answer now cool, well anyways as you probably already saw in the comments, when a bowler makes three strikes in a row its called a Turkey
Explanation:
i know because i use to go bowling with my uncle a few times
Which is true about the Erie Canal?
Answers
Why do you think students cheat? What do you think schools should do to curb cheating?
Answers
Answer:
The reason why I think many different types of students from many different backgrounds cheat is because, if your an athlete and you have a game coming up but you cant play unless you ace your test the easy way out is to cheat, if you are an over achiever and you've stayed up late studying so when the actual test day comes you are falling asleep and you realize you only got 5 mins left with 22 questions, easy way then to guess your way through it, cheat, if you come from a bad home ( like me and this is like 100 % true ) and probation is pestering you and you need to pass this test before your next court date what do you do?, you cheat.
Overall the main purpose most students cheat is because it is easier.
I think schools should stop putting so much pressure on children and stop setting their expectations so high.
Explanation:
Answer:
i think it's best if they require cover sheets, desks need to be cleared off before doing the test,no cell phones,teacher walks around room,have two paper sheets,Don't allow students to get out of their seat or communicate
Don't let students grade their own work
Require students to use a different instrument to grade
Explanation:
How many founding fathers signed the declaration of independence?.
Answers
How many senators need to vote for a supreme court justice.
Answers
Answer: A simple majority vote is needed for confirmation (there are currently 100 U.S. senators).
Explanation: