Answer:
The correct answer is option c.
Explanation:
Because of a hurricane, there is a sense of pessimism among the consumers regarding their future incomes. This sense of pessimism would cause consumers to reduce their spending and save money for the future.
This causes the consumption expenditure to decline. This reduction in the consumption expenditure will cause the aggregate demand to decrease as well. This will cause the aggregate demand curve to move to the left.
This leftward shift in the aggregate demand curve will further cause the equilibrium price and quantity to decline.
Increased pessimism about future income levels (prompted by events like Hurricane Katrina) leads to a shift to left in the aggregate demand curve, leading to a lower real GDP and lower price level. However, in the long run, these shifts only temporarily impact output and unemployment, as the real GDP is determined by potential GDP and aggregate supply.
In response to increased pessimism about future income, often prompted by events like Hurricane Katrina, the aggregate demand curve in the economy would shift to the left, option c. This is mainly due to decreased consumer spending which results in a lower real GDP and a lower price level.
This movement can occur in the aggregate supply curve's relatively flat or relatively steep portion, which determines the overall changes in output and price level. Ultimately though, in the long run, shifts like these in aggregate demand have a short-run impact on output and unemployment. The long-run size of real GDP is determined by potential GDP and aggregate supply when wages and prices are flexible.
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b) The interest rate will stay fixed for a period of time, then adjust either up or down based on an index
c) The interest rate can only change twice during the course of the loan
d) An adjustable rate mortgage always includes a balloon payment at the end of the 7th year
Answer:
b
Explanation:
In the market for loanable funds, the supplycurve demonstrates the fact that as interest rates rise, people are willing to borrow less. As a result, this curve is steep slope.
Supply curve is a graphical representation,it shows how price of a good or service is related to the quantity of goods and services supplied.
This is done for a given period of time.
Therefore, In the market for loanable funds, the supply curve demonstrates the fact that as interest rates rise, people are willing to borrow less. As a result, this curve is steep slope.
Learn more on supply curve here,
Answer:
The right to leave the hospital against medical advice
Explanation:
A patient (or relative in charge, if patient is unconscious) always has full freedom to make a decision on their health, for example leaving the hospital or rejecting an exam, even if it goes against what the doctor treating him advice, this applies as long as the patient can make an informed decision, for this the patient needs to be mentally available and physically able to demonstrate awareness of the situation and mental stability.
If a patient is having mental issues and is not able to understand or process the information given that the patient is deprived of the right to leave the hospital against medical advice, especially if the patient is dangerous as they could cause problems.
Answer:
expansionary
expansionary
contractionary
During a resuscitation, if a task is overlooked, it's best to inform the team leader in a professional and respectful manner. The team leader is ultimately responsible for task coordination.
During a resuscitation, clear communication and role division are crucial. If you notice that a task has been overlooked, it would be most appropriate to bring it to the attention of the team leader in a respectful and professional manner. This is because the team leader is responsible for coordinating the team's efforts and ensuring that all necessary tasks are carried out.
For example, if you were part of a resuscitation team and realized that nobody had been assigned to administer medication, you could say, "Team leader, I have noticed that nobody has been assigned the task of administering medication. Would you like me to do it, or should we assign it to someone else?" This approach helps to ensure that all necessary tasks are completed without disrupting the team's workflow.
Learn more about resuscitation protocol here:
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During a resuscitation, if a task has been overlooked, the most appropriate action is to communicate this to the team leader or another team member.
During a resuscitation, it is important for the team leader to assign team roles and tasks to each member. However, if a task has been overlooked, the most appropriate action would be to communicate this to the team leader or another team member. This ensures that the task is addressed and assigned to the appropriate person promptly.
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Fixed
Profit
Variable
Revenue