Get detailed and reliable answers to your questions with IDNLearn.com. Ask your questions and receive reliable, detailed answers from our dedicated community of experts.
Sagot :
As a result, the growth rate of the velocity of money falls and the aggregate demand curve shifts to the left.
What occurs when the savings rate rises?
A higher steady-state capital stock and level of output do follow from a higher saving rate. The growth rate briefly increases as production changes from a lower to a higher steady-state level. in some more recent growth theories.
Why does the curve for aggregate demand slope downward?
The total of consumption, investment, government purchases, and net exports at each price level in every period is represented by the aggregate demand curve. Due to the wealth effect on consumption, the interest rate effect on investment, and the impact of global commerce on net exports, it slopes downward.
To learn more about Demand Curve here:
https://brainly.com/question/13828738
#SPJ4
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.
