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An Aggregate Excess (aka a Deductible) is a predetermined amount that the insured will bear in any one year for all insured losses occuring during that year.
The amount can be stated as a dollar amount (ie. $xxxxx), as a percentage of the annual premium (ie. xx% of $AP), or as a predetermined percentge of the loss ratio (ie. insured to bear all losses under xx% of claims/AP%).
An Annual Aggregate Excess is normally agreed by calculating the expected losses, using the prior history of insured losses and adjusting for trends etc..
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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.
What are the characteristics of macroeconomics?
Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.
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.
Why array is differ from structure?
An array is an aggregate of the same type. A structure is an aggregate of different types.
Is the primary per location aggregate follow form on the excess?
No
What distinguishes an array from a structure?
Am array is an aggregate of elements that must be of the same type. A structure is an aggregate of elements (members) that can be of different types.
AAD stands for what in catastrophe excess loss reinsurance?
Annual Aggregate Deductible
What amount should be used to shift aggregate demand by fiscal policy when macro equilibrium is above full employment?
by the amount of the Aggregate demand excess. known as the Inflationary gap
Is aggregate the same thing as concrete?
No, aggregate is the material added to concrete to give it strength and durability, while concrete is the mixture of aggregate, cement, and water that hardens into a solid structure.
What if the products completed operations aggregate amount is insufficient?
You can purchase an Excess/Umbrella policy to increase your liability limits.
What is the structure responsible for absorption of excess water?
colon
What is meant by the term tissue?
part of an organism consisting of an aggregate of cells having a similar structure and function;
Identify the smallest lymphatic structure that drains excess?
Afferent lymphaticvesselthe only one that drain the excess fluid from the body to the lymph node. So, it's the smallest lymphatic structure.
What is tissue formed into?
Tissue becomes part of an organism consisting of an aggregate of cells having a similar structure and function.
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.
