What Conditions Will Lead To A Shortage?

What Conditions Will Lead To A Shortage? A shortage, in economic terms, is a condition where the quantity demanded is greater than the quantity supplied at the market price. There are three main causes of shortage—increase in demand, decrease in supply, and government intervention. What causes shortages in the market? A Market Shortage occurs when

What Is The Concept Of Budget Surplus?

What Is The Concept Of Budget Surplus? A budget surplus is when income exceeds expenditures. The term “budget surplus” is used in reference to a government’s financial state. The U.S. government ran a budget surplus during the final years of Bill Clinton’s presidency. Why is budget surplus important? Budget deficits and surpluses can help to

What Is The Effect Of Net Exports Either Positive Or Negative On Equilibrium GDP?

What Is The Effect Of Net Exports Either Positive Or Negative On Equilibrium GDP? If net exports are positive: the equilibrium GDP must be greater than the full-employment GDP. imports must exceed exports. aggregate expenditures are greater at each level of GDP than when net exports are zero or negative. What is the effect of

What Is A Good Sentence For Surplus?

What Is A Good Sentence For Surplus? Noun If there is any surplus, it will be divided equally. There is a surplus of workers and not enough jobs. What are some surplus words? excess, extra, redundant, spare, supererogatory, superfluous, supernumerary. What is a good sentence example? A good sentence is a complete sentence. A complete