A critical function of the government in facilitating the operation of a market economy is setting and enforcing private property rights. Private property rights determine how a resource or good is owned.
The eco-nomy was in long-run equilibrium when aggre-gate demand increased. At this point in time, the expec-ted inflation has start-ed to adjust to the new high-er actual inflation rate. Accor-ding to the (Friedman) natural rate the-ory, this means the unemploy-ment rate in the economy must curr-ently be <u><em>below the natu-ral rate</em></u>.
Milton Friedman defi-ned the natural rate of unemploy-ment as the level of unemployment that result-ed from real economic forces, the long-run level of whi-ch could not be altered by monet-ary policy. Accor-ding to the general equili-brium model of economics, natural unemploy-ment is equal to the level of unemploy-ment of a labor mark-et at perfect equilibrium.
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Answer:
See below
Explanation:
A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.
The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.
Answer:
Q2. B
Because a management is basically Base of separation of powers where all organs get work to do
Q3. A
Q4. B
Answer:
The correct answer is option D.
Explanation:
A change in the quantity demanded is a movement along the same demand curve. It is caused because of a change in the price of the product while other factors affecting demand remain constant.
A change in demand is shown by a movement in the demand curve. This is caused by changes in other factors such as income, population, preferences, price of other goods, etc, while the price of the product remains constant.