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What do most economists agree that the immediate determinant of the volume of output and employment is the?
Level of total spending
Most economists agree that the immediate determinant of the volume of output and employment is the?
Level of total spending
What is the most important determinant of whether or not firms receive economic profits in the long run?
Customer satisfaction.
Why does the US have a very high GDP?
GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
What determinant of supply causes the supply of beef to decrease when a terrible blizzard destroys the herds of most ranchers in the western U.S?
Decrease
What do most economists agree that the immediate determinant of the volume of output and employment is the?
Level of total spending
Most economists agree that the immediate determinant of the volume of output and employment is the?
Level of total spending
What is most likely to occur after the government increases taxes?
It reduces the money available for private sector spending.
What is the most important determinant of whether or not firms receive economic profits in the long run?
Customer satisfaction.
What kind of consumer behavior would most likely be seen during a recession?
reduced spending
Under what circumstances would the government most likely lower taxes?
Consumer spending has decreased recently.
What are the three most important forms of descretionart spending?
The government expenditure in financing the various aspects of the economy is an example of the discretionary spending.
List 5 expressed powers in the constitution that you think are the most important?
The most important power in the constitution is the taxing and spending power given to Congress. Other important powers include the president's appointment and veto powers, Congress' foreign affairs and spending powers.
What one of the most important industries in the island of Honshu?
Consumer electronics..
What is a Determinant GAP map?
A Determinant Gap Map is a 2 Dimensional Gap map, which is plot between two most important attributes of any product, and all the other brands marketing that product are ranked in the Gap Map according to their rankings in those selected attributes.
How would the government most likely respond to decrease in consumer spending?
Lower taxes to make it easier for consumers and business to spend money.
The us government has decided to issue federal income tax rebates to taxpayers what is the most likely goal of these rebates?
the goal is to get the consumer to increase their spending
