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What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
Fiscal and monetary policies are used to shift the aggregate supply curve or the aggregate demand curve?
Aggregate demand curve.
What happens to the aggregate expenditures curve when autonomous expenditures fall?
Aggregate expenditures will shifts down by the decline in aggregate expenditures.
Aggregate limit of com umbrella is it for a year or total of one event?
Aggregate is total limit for all claims in the year.
What is General Aggregate limit?
On a general liability policy, the general aggregate is the highest amount that will be paid out in a policy period no matter how many claims. For example, you may have a $1 million per occurrence limit which would mean with a $2 million aggregate, you could theoretically have (2) $1 million claims.
In what way is it advisable to process claims?
a monthly basis
A policy with aggregate limits will limit only the what?
A policy with aggregate limits will limit only the total amount that an insurance company will pay out for all claims during a specific policy period. It sets a maximum limit for all claims combined, rather than a specific limit for each individual claim. Once the aggregate limit is reached, the policy will no longer provide coverage for any further claims.
How does commercial general aggregate insurance protect the customer?
The aggregate limit can be higher than the per occurrence limit of the policy, thus providing additional coverage should multiple claims be filed against the insured.
What does Aggregate mean in general liability?
In a insurance policy, the limit of liability is often expressed as a value per occurrence and a separate value as an aggregate limit. The policy will pay no more than the per occurrence limit for each covered occurrence Further, the pay no more than the aggregate limit for all claims during the policy period. On an insurance policy it would often be expressed as $1,000,000/$2,000,000 occurrence / aggregate The numbers listed above could be replaced by any other number, however the aggregate limit will never be less than the per occurrence limit. Alternatively, the limit could be split between per claim and aggregate instead of per occurrence and aggregate This has no effect on the meaning of aggregate in the policy. Mark Walters, ARM AAI West Insurance Group mwalters@westagy.com In a nutshell, aggregate means the total paid out for all incidents during the policy period. In the above example you could have 2 claims during the insured period for $1m each but not 3, as 3 x $1m is more than the aggregate limit.
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
What is the most popular monthly car insurance?
The most popular company for monthly car insurance in the United Kingdom is Direct Line, who offer a no claims bonus for safe drivers and advertise regularly on the television.
What is Per policy vs per project?
This refers to the "aggregate" limit of your general liability policy. Look at your policy declarations and you'll likely see something like this: General Aggregate: $2,000,000 Prod/Comp Ops Aggregate: $2,000,000 Each Occurence: $1,000,000 Personal/Adv Injury: $1,000,000 Fire Legal Liablity: $100,000 Medical Payments: $5,000 A "Per Policy" aggregate means the most your insurer will pay for the total of all claims during your policy term (usually one year) is the first number - $2M. A "Per Project" aggregate means the insurer will pay the same $2M for all claims that occur from any specific project. Frequently, the "Per Project" endorsement requires that each separate project be listed by name. Expect the insurer to charge you for a "Per Project" aggregate - it greatly increase the amount they could potentially pay during the policy term.
Does the general aggregate limit apply to products-completed operations?
Your general liability policy contains three separate limits. A per occurrence limit (Max paid out for any one occurrence) Aggregate (Max pay out for multiple policies on claim) Products and completed ops aggregate (Can reduce amount paid for product or operations claims, to below the other aggregate limit or even the per occurrence limit. Lack of products and completed ops coverage can also be a problem which would show no product and completed ops limit. yes - there is a separate aggregate for products coverage and premises operations.
IS codes for fine aggregate coarse aggregate cement?
fine aggregate zone classification codes
How do you use aggregate in a sentence?
In aggregate, your earnings are impressive and enviable.The aggregate has the support of all the people in the neighborhood, would be one way to use aggregate in a sentence. Aggregate means a combined total or combined group.
