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lakkis [162]
2 years ago
10

According to the neoclassical perspective, in response to a shock to aggregate demand, prices and wages will change such that th

e economy moves back to the same level of potential GDP. What determines how long this adjustment process takes?
Business
1 answer:
timofeeve [1]2 years ago
3 0

The factor that determines how long this adjustment process takes is that the long-run aggregate supply curve (ASn), that is vertical at the level of potential GDP, is one that determines the level of real GDP in this economy in the long run.

<h3>What is neoclassical model about?</h3>

When there is increases  or decreases in aggregate demand, the neoclassical view holds the notion that how the macroeconomy adjusts is due to the foresight it has that even if wages and prices are termed “sticky”, or slow to change, in the short run, they will be flexible.

In the long-run neoclassical analysis, it is shown that the chain of economic events is ever changing as economic output is said to rise above potential GDP.

Learn more about neoclassical model from

brainly.com/question/492409

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You made an error when you filed your tax return last year. You can correct this error by filing Form________
castortr0y [4]

Answer:

1040X

Explanation:

Form 1040X should be filled to make any amendments in the returns filed incorrectly. It is similar to Form 1040 with additional columns. It has additional columns, first column (A) where incorrect value is put, net change is put in the second column (B) and in the final column (C), correct amount is put. After recalculation, if a taxpayer owes additional tax, then 1040X should be filed by the due date. In case of refunds, 1040X can be filed within 3 years after the original returns were filed or 2 years from original tax paid.

4 0
4 years ago
ashley enters a formula in a cell in a spreadsheet and presses enter but instead of the answer, she sees b2 b3/c5. what mistake
svet-max [94.6K]
The correct answer to this question is "she forgot to start with the equals sign." <span>Ashley enters a formula in a cell in a spreadsheet and presses enter but instead of the answer, she sees b2 b3/c5. The mistake that she make is that </span><span>she forgot to start with the equals sign.</span>
5 0
4 years ago
Read 2 more answers
Away Travel filed suit against West Coast Travel seeking damages for copyright violations. West Coast Travel's legal counsel bel
Zepler [3.9K]

Answer:

As a disclosure only. No liability is reported

Explanation:

According to the International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets, contingent liability can only be recorded if the likelihood of recording of the loss is reasonably probable and in this case the chances of occurence of the liability is reasonably possible which must not be recorded. The only effect would be disclosing the litigation matter and not including the liability amount that will arise if it goes wrong.

7 0
3 years ago
Which action will be least helpful if you've been the victim of identity theft
sashaice [31]
The action that will be the least helpful if you've been the victim of identity theft is to withdraw your money from all account. You should report it to the law enforcement instead. Withdrawing all of your money from all account would more endanger your life. Hope this answers the question.
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3 years ago
The specific identification method of costing inventories is used when the company sells large quantities of relatively low-cost
Mila [183]

Answer:

company sells a limited quantity of high-unit cost items.

Explanation:

A specific identification method can be defined as a method used for determining the ending inventories cost.

Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.

Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.

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3 years ago
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