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How does an increase in government expenditure affect Real GDP in the short-run?

Government Expenditure is an injection into the circular flow of income and can be represented in an Aggregate Demand/Aggregate Supply Diagram as an increase in aggregate demand. (Shows on diagram shift i...

AF
Answered by Antonio F. Economics tutor
3385 Views

Using the Keynesian AD/AS diagram, explain why an economy may be in equilibrium at any level of real output

Aggregate demand can be defined as the total demand to the output a country’s economy at a given time interval and given price level. It is calculated through the formula AD=Consumer Spending (C)+ Investm...

IS
Answered by IREM S. Economics tutor
22542 Views

Please compare and contrast the structure of human blood vessels.

There are three blood vessel types in humans: arteries, veins and capillaries.Arteries pump blood away from the heart (easy point to remember - "A" in arteries = AWAY from the heart) while veins...

HR
Answered by Hansika R. Biology tutor
4793 Views

Can you explain the concept of the Price Elasticity of Demand?

The price elasticity of demand, also known as PED for short, is a measure of how responsive consumers of a product are to a change in price. In a competitive business market, its important for producer to...

JM
3845 Views

What properties of water make it biologically significant to plants?

Water has adhesive properties which allow the polar water molecules to adhere to other hydrophilic surfaces such as cellulose. This aids the movement of water through xylem vessels in plants. Water also h...

SM
Answered by Sophie M. Biology tutor
1604 Views

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