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Possible Answers: SRAS.
Last seen on: The Washington Post Crossword – August 12 2018
Random information on the term “WAV”:
BBC Radio is an operational business division[1] and service of the British Broadcasting Corporation (which has operated in the United Kingdom under the terms of a Royal Charter since 1927). The service provides national radio stations covering the majority of musical genres, as well as local radio stations covering local news, affairs and interests. It also oversees online audio content.[2]
Of the national radio stations, BBC Radio 1, 2, 3, 4 and 5 Live are all available through analogue radio (5 Live on AM only) as well as on DAB Digital Radio and internet services through RealMedia, WMA and BBC iPlayer. The remaining stations, BBC Radio 1Xtra, 4 Extra, 5 Live Sports Extra and 6 Music, all broadcast on digital platforms only.
All of the BBC’s national radio stations (with the exception of 5 Live and 5 Live Sports Extra which broadcast from MediaCityUK in Salford) broadcast from bases in London, usually in or near to Broadcasting House in Marylebone. However, the BBC’s network production units located in Belfast, Birmingham, Bristol, Cardiff, Glasgow and Manchester also make radio programmes.[3]
Random information on the term “SRAS”:
In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.[1] It specifies the amounts of goods and services that will be purchased at all possible price levels.[2] This is the demand for the gross domestic product of a country. It is often called effective demand, though at other times this term is distinguished.
The aggregate demand curve is plotted with real output on the horizontal axis and the price level on the vertical axis. It is downward sloping as a result of three distinct effects: Pigou’s wealth effect, Keynes’ interest rate effect and the Mundell–Fleming exchange-rate effect. The Pigou effect states that a higher price level implies lower real wealth and therefore lower consumption spending, giving a lower quantity of goods demanded in the aggregate. The Keynes effect states that a higher price level implies a lower real money supply and therefore higher interest rates resulting from financial market equilibrium, in turn resulting in lower investment spending on new physical capital and hence a lower quantity of goods being demanded in the aggregate.