wednesdayA
26.03.2021 •
Business
Define the term "resource".
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Ответ:
Explanation:
A resource is a source or supply from which a benefit is produced and that has some utility. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.
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Ответ:
B. A decrease in the price level
Explanation:
Remember, the term aggregate demand generally refers to the total demand for finished goods and services produced in an economy.
Hence, among all the above-listed scenarios, we should be looking for a scenario or factor that influences demand. Price is one of the main factors that influence demand.
Thus, we would agree that in most economies a decrease in the price level could result in a rightward (positive increase) shift of the aggregate demand curve.
For example, assuming the price of gas in the country decreases; holding all other factors constant, people would naturally want to buy more gas at cheap prices.