Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hello, i am struggling to understand the answer, please Q11. ConsidertheAD-AS diagram below: In the standard closed-economy ta se we have considered so far, which

hello, i am struggling to understand the answer, please

image text in transcribed
Q11. ConsidertheAD-AS diagram below: In the standard closed-economy ta se we have considered so far, which of the following might explain Y- the change from point a iso point b? 2' 53 F' F' A] B} D] I} K} 1-} A dea'ease in population. A decrease in technology level. A decrease in consumer and busine; condence. A decrease in capilal depreciation rate. i. is plausible, i. is plausible, i. is plausible, i. is plausible, i. is plausible, i. is plausible, i. is plausible, i. is plausible, i. is not plausible, i. is not plausible, i. is not plausible, i. is not plausible, M} i. is not plausible, N] 0] P] Answer: N i. is not plausible, i. is not plausible, i. is not plausible, ii. is plausible, ii. is plausible, ii. is plausible, ii. is plausible, ii. is not plausible, ii. is not plausible, ii. is not plausible, ii. is not plausible, ii. is plausible, ii. is plausible, ii. is plausible, ii. is plausible, ii. is not plausible, ii. is not plausible, ii. is not plausible, ii. is not plausible, iii. is not plausible, iii. is not plausible, iii. is not plausible, iii. is not plausible, iii. is not plausible, iii. is not plausible, iii. is plausible, iii. is plausible, iii. is not plausible, iii. is not plausible, Source: This question comes from the chapter 4 material. iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible iv. is plausible iv. is not plausible Explanation: The diagram shows a decrease inAD. Options i and ii are not plausible as decreases in both population level and technology level will decrease Y\

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Economics questions

Question

Describe the concept of corporate social responsibility.

Answered: 1 week ago

Question

Explore the concept of business ethics.

Answered: 1 week ago

Question

Discuss human resource management issues for small businesses.

Answered: 1 week ago