--%>
Assignment Help - homework help

Define deficient demand or deflationary gap

Define deficient demand or deflationary gap: Deficient demand occur whenever AD is less than AS at the level of full employment equilibrium

   Related Questions in Microeconomics

  • Q : Present value of asset by financial

    When the interest rate is 5% and a financial investment produces annual payments of price $50,000, in that case the present value of this asset is: (w) $1,000,000. (x) $5,000,000. (y) $500,000. (z) $10,000,000.

    Q : Significant monopsony power-labor market

    The firm probable to have noteworthy monopsony power in its labor market would be the: (i) Big cotton farm in the Texas hiring migrant workers. (ii) Textile manufacturer in the Hong Kong hiring the factory workers. (iii) Janitorial service organization in London hirin

    		•
  • Q : Normal accounting returns to investment

    Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv

    		•
  • Q : A monopolist in market power A

    A monopolist: (w) is a price taker in the sale of its product. (x) can charge any price this wishes without reducing profit. (y) is not a price taker into the sale of its product. (z) may or may not be a price taker within the sale of its product.

    		•
  • Q : Problem on Minimum Wage Laws The

    The Minimum wage legislation is UNLIKELY to aid: (i) Skillful workers who compete with untrained workers. (ii) Untrained workers who don’t lose their jobs. (iii) Buyers of goods which are more capital intensive associative to the buyers of labor intensive goods.

    		•
  • Q : Marginal revenue at possible output

    At each possible output level, there a purely competitive firm’s marginal revenue curve is: (w) above its demand curve. (x) below its demand curve. (y) identical along with its demand curve. (z) steeper than its demand curve.

    Q : Unitary price elasticity demand For

    For Cournot’s Spring Water the demand has unitary price elasticity at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : Bargaining power of the union problem

    When a firm's inventories are comparatively high, then the bargaining power of union is: (i) Huge, since the firm cannot afford interruptions of the production. (ii) Great, since the firm's gains are low. (iii) Low, since the firm can sell its invento

    		•
  • Q : Problem of dockworkers on hiking the pay

    When you were in the ski boat business, your net revenues from selling given numbers of boats would be least influenced by: (i) Govt. increasing fees for boat licenses. (ii) Rises in prices for jet skis. (iii) Pay hikes for dock-workers. (iv) Vacation

    		•
  • Q : Variable costs in short run A monopoly

    A monopoly tends to shut down within the short-run when: (i) price is less than the minimum of average total costs [ATC]. (ii) price cannot cover all overhead costs. (iii) variable costs are not covered. (iv) total costs exceed total revenues. (v) the

    		•