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Author Question: Which law specifically mandated the federal government's responsibility for economy-wide stability? ... (Read 159 times)

Garrulous

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on: Jun 29, 2018
Which law specifically mandated the federal government's responsibility for economy-wide stability?
 
  A) the Employment Act of 1946
  B) the Sherman Act of 1890
  C) the Great Depression Act of 1930
  D) the Miller Act of 1960

Question 2

Briefly discuss the determinants of demand other than price.
 
  What will be an ideal response?


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ebenov

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

An increase in income causes demand of a normal good to increase and demand of an inferior good to decrease. An increase in the price of a related good causes demand to increase if the two goods are substitutes and causes demand to decrease if the two goods are complements. An increase in population causes demand to increase. Demand increases if consumers develop more of a preference for the good. Expectations about the future also matter. If consumers think the price will increase in the future, current demand increases.


Garrulous

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Reply #2 on: Jun 29, 2018
Correct answers!


ebenov

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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