Answer:
changes in private savings offset any changes in the government deficit
Explanation:
Ricardian equivalence means that private saving changes offset any changes in the government budget. Therefore, if the deficit increases by 30, private saving also increases by 30 but the trade deficit and the budget deficit will not change.
In case of the Ricardian equivalence, economic agents are assumed to be perfectly rational. According to them, higher taxes are required to repay the debt in case of an increase in deficit-financed government spending.
Answer:
Option B.
Explanation:
Job specialization can be defined as the process whereby a person or a group of individuals who are highly qualified in a specific field are assigned to complete a particular task or to focus on their area of expertise effectively. As can be deduced from the name, job specialization refers to having a specialty or expertise in a specific sector of work.
Companies have different departments, like accounting and admin, these departments cannot be handled by just one person, regardless of whether the person is skilled in both departments. This is where job specialization comes in.
One other important aspect of job specialization is the potential to increase the level of employees' productivity and output. Productivity is of benefit to the employer, but specialization can also be of benefit to workers in that it may improve employment prospects.
Answer:
<h2>The answer in this case would be option a. or feel more wealthy, so the quantity of goods and services demanded rises. </h2>
Explanation:
- As a common consumer psychology,as the price of any good or service decreases,any rational consumer or buyer feels more wealthy compared to before as the purchasing power of the consumers or buyers pertaining to that particular good or services has increased,everything else held constant.
- Purchasing power of any good or service is generally reflected by the purchasing or buying capacity of that good or service with the amount of money that a consumer or buyer has at his or her disposal.
- As the price of any good or service decreases,it becomes cheaper to the consumer,again everything else considering constant.In other words,it increases the purchasing power or capacity of the consumers or buyers.Therefore,the typical consumer or buyer will prefer or demand more of that particular good or service thereby,increasing its quantity demanded due to a price reduction.
It went as far as 24hrs into Harry's memory system
