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2 years ago

What is the best explanation for the slope of the keynesian zone of the aggregate supply curve?

1 answer:

8 0

An increase in aggregate demand when the economy is below potential output increases real output and has little or no effect on price levels.

The Keynesian aggregate supply curve shows that the AS curve is fairly flat. This means that during economic downturns, firms supply the quantity of goods demanded at a particular price level.

The Keynesian zone is on the left side of his SRAS curve and is fairly flat, so movements in aggregate demand affect production but have little effect on price levels.

The Keynesian model suggests that in the short term less flexible wages and prices will push the aggregate supply curve upward. This model makes it more likely that the economy will fall below the full employment level. This means companies can hire new workers and increase production without raising wages or prices.

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Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process

Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

$= \frac{42}{8\times5}$

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

$= \frac{128}{8\times5}$

= 3.2

Thus change in productivity would be calculated as:

$=\frac{3.2-1.05}{1.05}\times100$

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

4 0

3 years ago

In a few sentences, explain what it means to be<br> financially responsible.

Elina [12.6K]

Financially responsible means to be prepared for something unexpectedly like u didn’t know was coming up or was gonna happen and it mean you need be able to support yourself with any source of income.

8 0

3 years ago

Three things that Improve human capital

elixir [45]

Three ways to improve human capital are education and training, monitoring performance, and hiring qualified people.

6 0

3 years ago

Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona

Natasha2012 [34]

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

Yes - Compensating shall be reported, And Restricted shall also be reported.

7 0

4 years ago