This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a household? How do households interact with firms in a market? What will be an ideal ... (Read 139 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
What is a household? How do households interact with firms in a market?
 
  What will be an ideal response?

Question 2

If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? An increase in
 
  A) government purchases.
  B) the money supply and a decrease in interest rates.
  C) taxes.
  D) oil prices.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bd5255

  • Sr. Member
  • ****
  • Posts: 386
Reply #1 on: Jun 29, 2018
Answer to Question 1

A household consists of all persons occupying a home. Households supply factors of production used by firms to produce goods and services. Households also demand goods and services produced by firms.

Answer to Question 2

A


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Excellent

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Genes May Interact Epistatically p1 Genes May Interact Epistatically p1
Allan Kaprow, Household. Allan Kaprow, Household.
Comparison of Household, Apothecary, and Metric Liquid Measurements Comparison of Household, Apothecary, and Metric Liquid Measurements
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Acid-base imbalances - compensation of respiratory acidosis and alkalosis

For a complete list of videos, visit our video library