# A demand curve is negatively sloped because. Econ Exam #3 Flashcards 2022-11-03

A demand curve is negatively sloped because Rating: 8,6/10 1903 reviews

Coding theory is a branch of mathematics that deals with the design and analysis of codes, which are used to transmit information over a noisy channel. In this case study, we will examine a real-world application of coding theory in the field of data storage and retrieval.

One of the main challenges in data storage is ensuring the integrity and reliability of the information being stored. This is especially important in situations where data loss or corruption could have serious consequences, such as in the case of financial records or medical records. One way to address this issue is through the use of error-correcting codes, which can detect and correct errors that may occur during transmission or storage.

One popular class of error-correcting codes is known as Reed-Solomon codes, which were developed by Irving Reed and Gustave Solomon in 1960. These codes are based on polynomial algebra and are widely used in many different applications, including CD and DVD storage, satellite communications, and deep space communication.

One specific application of Reed-Solomon codes is in the field of hard disk drives (HDD). HDDs are used to store large amounts of data on a spinning disk, which is accessed by a read/write head. However, due to the mechanical nature of HDDs, it is possible for errors to occur during the reading and writing process. This is where Reed-Solomon codes come in.

HDD manufacturers use Reed-Solomon codes to encode the data being written to the disk, adding an extra layer of protection against errors. If an error is detected during the reading process, the Reed-Solomon code can be used to correct the error, ensuring that the data is retrieved accurately.

In addition to their use in error correction, Reed-Solomon codes are also used in data fragmentation and interleaving. Data fragmentation involves breaking up large blocks of data into smaller chunks, which can be stored on different parts of the disk. This helps to reduce the impact of errors, as it is less likely that all of the fragments will be affected by a single error. Interleaving is a similar process, in which the data is rearranged in a specific pattern to spread out the errors and make them easier to correct.

In conclusion, coding theory plays a vital role in ensuring the reliability and integrity of data storage systems. The use of Reed-Solomon codes in hard disk drives is just one example of how coding theory is applied in the real world to solve practical problems and improve the performance of systems.

## Why is the aggregate demand curve negatively sloped? What are two effects that can explain this characteristic?

Hence the name cardinal measurement of utility. B economic self-correction can take a decade or more. Here the MU curve cuts the horizontal axis indicating disutility. D This will not have any adverse effects on the economy, since inflation has been abated. How will the quantity of aggregate output supplied respond to the fall in prices? Pepsi and Coca-Cola cold drinks, tea and coffee, etc. No matter what happens to prices of final goods and services during the year, all workers earn the wage specified in their annual contract. A You are right.

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## Econ Exam #3 Flashcards

The difference between a budget deficit and government debt is that: A a deficit is the amount by which government spending exceeds tax revenues, whereas debt is the sum of money the government owes. Label the horizontal axis "Real GDP" and the vertical axis "Aggregate price level. If the consumer decides to consume the sixth unit of good X, his TU will fall and MU will become negative. A consumer can rank his preference out of various commodity bundles. Two goods are perfect substitutes if the quantity demanded of one good is positively related to the price of the other. Suppose that in Wageland all workers sign annual wage contracts each year on January 1.

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## Why a demand curve is negatively sloped?

However, remember to keep in mind a major assumption of the demand curve in microeconomics: everything else that could affect demand is held constant. Unlike mathematics, economics puts the independent variable, price, on the vertical axis and the dependent variable, quantity demanded, along the horizontal axis. D stabilization policies are particularly effective to address supply shocks. Further, he suggested the measurement of utility obtained from a commodity in terms of money. B The economy will move into a recession. C expansionary fiscal policy The accompanying diagram shows the current macroeconomic situation for the economy of Brittania; real GDP is Y1 and the aggregate price level is P1.

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## The slope of the demand curve is negative because: a. the quantity of a good demanded decreases as income declines. b. the quantity of a good demanded increases as income declines. c. the quantity of a good demanded increases as the price declines. d. the

Sketch typical aggregate demand and short-run aggregate supply curves. For complementary goods, indifference curve becomes L-shaped Fig. D Automatic stabilizers are risky to use and sometimes can get the economy destabilized. Proof of this negatively sloped indifference curve can also be made with the help of Fig. B the level of aggregate output will decrease and the aggregate price level will fall.

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## The aggregate demand curve is negatively sloped because a Firms will only

D most information is old before the public is aware of it. Ordinal Approach Indifferent Curve. The long-run aggregate supply curve is vertical because in the long run wages are flexible. C increase in aggregate demand. AD1 will shift to the left, reflecting a multiplied decrease in real GDP at every price level. The consumer is indifferent between having more or less of the good X. At points D, C and B on an indifference curve, we have drawn three tangents in Fig 2.

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## The labor demand curve is negatively sloped because?

At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good. To him, all such combinations give the same level of satisfaction. Label the vertical axis "Aggregate price level" and the horizontal axis "Real GDP. C consumption , I investment , G government expenditures, and X - IM net exports. Conversely, the insecurity that comes with decreased property values or increased prices of goods and services is associated with less consumer spending.

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## Demand curve is negatively sloped because of a Diminishing marginal utility rule

A consumer reaches equilibrium when he gets maximum satis­faction or maximum total utility. Utility is an abstract concept and its units are arbitrary. Anna recently moved to Boston in order for her husband Joe to begin a new job as an economics professor at Harvard. Based on your diagram, choose the correct statement. The slope of the demand curve is negative because: a. It varies from person to person and from place to place.

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## The labor demand curve is negatively sloped because A more people are willing to

To explain constancy in price, we have drawn PP line as parallel to the horizontal axis. Suppose that in Wageland all workers sign annual wage contracts each year on January 1. This question analyzes the effect of these two shocks on GDP using the AD-AS framework. A It will decrease. Your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. A press release by the Board on June 28, 2011, stated: "The Conference Board Consumer Confidence Index, which had declined in May, decreased again in June. This question analyzes the effect of these two shocks on GDP using the AD-AS framework.

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## macroeconomics test 2 Flashcards

A decreases government transfers and consumption; right B increases disposable income and consumption; right C decreases the marginal propensity to save, increasing consumption; left D increases corporate profits and investment; left Figure: Short- and Long-Run Equilibrium II Refer to Figure: Short- and Long-Run Equilibrium II. Find the new equilibrium and label it E3. A No, because it is likely to result in less consumer spending. A In the short run, aggregate demand will shift to the right; in the long run, short-run aggregate supply will shift to the left. B a car dealer who wants a TV finding an electronics store owner who wants money. Marginal utility derived from a commodity tends to diminish.

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