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2 years ago

Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?

1 answer:

8 0

Neoclassical economics places a larger focus on providing extra options and improving living standards, which are ultimately decided by long-term progress.

As a result, it focuses on long-term growth rather than fighting recessions.

In actuality, neoclassical economics holds that a product's price is mostly influenced by its manufacturing costs. According to neoclassical economics, the primary factor for client decision-making therefore becomes price.

As a result, letting the neoclassical economists concentrate on prices is not the best way to combat the recession. Long-term economic performance is always emphasized by neoclassical economists.

Note that the neoclassical approach to macroeconomics emphasizes the idea that, over time, the economy tends to recover to its potential GDP and natural unemployment rate.

Learn what John Maynard Keynes would recommend to fight the recession: brainly.com/question/25586856

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On September 1, 2016, a company issued a $50,000, 6-month, 9% note payable to purchase equipment. At December 31, 2016, the comp

8_murik_8 [283]

Answer:

Debit Interest Payable for $1,500, debit Interest Expense for $750, and credit Cash for $2,250

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $750

Interest payable A/c Dr $1,500

To Cash A/c $2,250

(Being cash is paid on maturity)

The computation is shown below:

For interest payable

= $50,000 × 9% × 4 months ÷ 12 months

= $1,500

The 4 months from September 1 to December 31

For interest expense

= $50,000 ×9% × 2 months ÷ 12 months

= $750

The two months are January to February

And, the cash is $1,500 + $750 = $2,250

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4 years ago

Reyes Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year

notsponge [240]

Answer:

The correct answer is A: $1,080,000

Explanation:

Giving the following information:

Reyes Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations as a retailer.

Assuming there was any beginning inventory:

Sales= gross profit + (purchase - ending inventory)

Sales= 720,000 + (840,000 - 480,000)= $1,080,000

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3 years ago

Sarah used the Hide command on her Excel worksheet. What would be the most likely reason to use this command?

attashe74 [19]

Answer:yes

Explanation:

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3 years ago

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An example of a pioneering cost is the cost of Multiple Choice hiring management personnel. competing with existing multinationa

hodyreva [135]

Answer:

C. promoting a new product.

Explanation:

A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located.

When establishing a foreign direct investment, investors are required to consider some basic entry decisions such as free market, political stability, low inflation rates, pioneering costs etc.

In a foreign investment, pioneering cost arises because the business investment differs from that in the firm's domestic market and such it is necessary that, the firm dedicate a good deal of time, money (expenses) and efforts to learning and adapting to the market rules, policies and processes.

Hence, an example of a pioneering cost is the cost of promoting a new product, cost of enlightening and education of customers etc.

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3 years ago

When items are bought on credit and paid for over a long period of time, the cost to the buyer is the same as if the items were

deff fn [24]

The answer would be False. When using a credit card, there's interest fees if you don't pay on time. Compared to if you simply use cash, it's paid for right then and there.

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3 years ago

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