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Hunter-Best [27]
2 years ago
14

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's

Business
1 answer:
Diano4ka-milaya [45]2 years ago
4 0

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

Learn more about aggregate supply:

brainly.com/question/18273009

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An LCD screen is purchased to be used in the manufacturing of a digital watch. The standard price for the LCD screen used is $40
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Samantha works as a marketing manager for a cosmetics manufacturer. She plans to suggest a specific type of business model that
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<em>A) Franchise is a business model Samantha have in mind.</em>

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Acme Global had to put its plans to build a new plant on hold when interest rates went up and the organization was not able to b
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The economy

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7 0
3 years ago
sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sal
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Answer:

a.Sales tax to be recorded at the time of sales.

b.36000

c.38880

d.Sales tax payable

Explanation:

a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.

b. Sales = $36000

c.Account receivable = [36000+(36000*8%)]=36000+2880=38880

       Entry: Dr  Account receivable  38880

                                                      Sales                  36000

                                                   Sales tax payable  2880

d. Sales tax payable, it is liability for a seller to refund to government treasury.

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