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Aggregate demand is defined as the total level of goods and services in an economy at a given time.
The first components of aggregate demand is Consumption (C), which refers to the demand for durable...

There is research support from Blass and Schmitt(2001) who showed a film of Milgram’s study to students and asked them to identify who they felt was responsible for the harm to the ‘learner.’ They found t...

Water exhibits hydrogen bonding between neighbouring molecules, where other group 6 hydrides are held together by much weaker (ca. 10 x) Van Der Waal's forces of attraction. Waters hydrogen bondong abilit...

Law and order- Traditional conservatives have a highly negative view of human nature, theorists such as Hobbes argued that the government was needed to act as a Leviathan, in this case me...

Market failure can be defined as the mis-allocation of resources in a market. Complete market failure occurs when no good or service is provided resulting in the nonexistence of a market. Partial market f...