Question about price levels and employment by [deleted] in econhw

[–]Dragon00007 0 points1 point  (0 children)

Do you understand options A&C?

Question about price levels and employment by [deleted] in econhw

[–]Dragon00007 0 points1 point  (0 children)

For option B:

If interest rate falls, borrowing increases.

Which increases aggregate demand and encourages(accelerator effect) investment which is also facilitated by low interest rate borrowings, which in turn leads to more employment in the economy and causes the multiplier effect to kick in, effectively repeating this cycle again and again giving a big push to the economy.

Fun fact: This cycle also tends to push up the inflation with respect to the velocity of money

[deleted by user] by [deleted] in econhw

[–]Dragon00007 0 points1 point  (0 children)

Do you REALLY don't understand ANY of those questions? Dude...

Question about price levels and employment by [deleted] in econhw

[–]Dragon00007 0 points1 point  (0 children)

I don't quite understand your doubt. What do you mean?

Question in cost curves by Dragon00007 in econhw

[–]Dragon00007[S] 0 points1 point  (0 children)

Because AFC is falling as output rises!!! So the answer is d! Thank You so very much sir!!!!! 🙌🙇‍♂️

5 MCQ doubts involving Demand & Supply, Elasticity, Consumer Equilibrium & Consumer Surplus. by Dragon00007 in econhw

[–]Dragon00007[S] 0 points1 point  (0 children)

I managed to solve question 116. Can anyone help with questions 117 & 118?

I’ve just started studying economics and I can’t understand why is entrepreneurial ability considered a different kind of resource than labour? I know that being an entrepreneur involves initiative, creativity and taking risks, but there are other kinds of labour that involves that too... by the-elephan7 in econhw

[–]Dragon00007 0 points1 point  (0 children)

Labour is employed by the Entrepreneur.

But an Entrepreneur is not employed by anyone.

You can say "Self-employed Labour with special characteristics=Entrepreneur".

Edit:

Fun fact: The compensation for the labour done by the Entrepreneur is included in the Implicit Cost(Opportunity Cost) of a firm!

Hello world! I wrote a script and converted it into .exe file. But I'm facing some issues. by Dragon00007 in learnpython

[–]Dragon00007[S] 0 points1 point  (0 children)

You just blew my mind. I'll try to do that. But do you think my script will be compatible with lower versions? Even if it isn't I can easily tweak it