All categories

1 year ago

the fact that output gaps will not last indefinitely, but will be closed by rising or falling prices is the economy's:

1 answer:

3 0

The economy's self-correcting property is the fact that output gaps won't last indefinitely, but will be closed by rising or falling prices.

The output gap is the difference, expressed as a percentage of gross domestic product, between an economy's actual output and its highest potential output. An output gap can be either favorable or negative for a nation.

A negative output gap indicates that the economy's actual output is below its maximum capacity, whereas a positive output gap indicates that the economy is beating expectations because its actual output is higher than its acknowledged maximum output. The output gap helps paint a picture of how the economy is doing because the gross domestic product is used in its computation.

To learn more about output gaps, visit the link below:

brainly.com/question/29433322

#SPJ4

You might be interested in

On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $7

Maurinko [17]

Answer:

Option (c) is correct.

Explanation:

Given that,

Raw materials on hand = $32,000

Purchased an additional raw materials = $78,000

During November,

Raw materials were requisitioned = $95,000

Totaled indirect materials = $3,000

The journal entry is as follows:

Work in process inventory (95,000 - 3,000) A/c Dr. $92,000

Manufacturing overhead A/c Dr. $3,000

To Raw material A/c $95,000

The work in process is debited by $92,000 and raw material is credit by $95,000.

5 0

3 years ago

Click this link to view O*NET’s Work Context section for Licensing Examiners and Inspectors. Note that common contexts are liste

bija089 [108]

Answer:

A, C, E, F

Explanation:

4 0

3 years ago

True or False. A stockbroker is always required to act in a client's best interests and is held to a fiduciary standard.

eduard

Answer: true

Explanation:

3 0

3 years ago

In a(n) ________, one party agrees to purchase goods and services with a specified percentage of the proceeds from the original

viktelen [127]

In an offset, one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale and this party can fulfill the obligation with any firm in the country to which the sale is being made.

3 0

3 years ago

Think of a product that you purchased within the past 6 months

dalvyx [7]

Answer:

Product purchased: a purse

How did you recognize that you needed the product?

Through a need for more space to carry personal items to work.

Where or how do you look for information about alternative products that meet this need (product)?

Buying online is one of the facilities made possible by new technologies, which allows us to choose the product that meets our desires and needs without having to go to a physical store, in addition to the possibility of comparing prices and getting special discounts.

What alternatives did the research process generate and what variables did you use to make the final purchase decision?

The alternatives found were fast fashion sites that offered a bag of the ideal size, with the expected quality and defined average price.

Where did you buy the product and why?

I bought the product at Zara, which is a top quality fashion department store that would meet all requirements and needs with the purchase.

Were you satisfied after using or consuming the product? Explain.

Yes, because the benefits added to the product met my needs and desires.

There are 5 categories of influences as described in your text: economic, psychological. social, culture and ethnicity, purchasing situation. Which one(s) do you think had the greatest effect on your purchase decision? Please explain.

The item that had the most effect on the purchase decision was the psychological and economic item, as the choice of the product was made due to a need for work, but whose purchase decision process took into account factors such as brand, quality and the price of the product.

6 0

3 years ago