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cricket20 [7]
2 years ago
14

The economy is initially in short-run equilibrium when incomes taxes decline and productivity rises. If the change in aggregate

demand is greater than the change in short-run aggregate supply, what will happen to the equilibrium price level and level of Real GDP
Business
2 answers:
inn [45]2 years ago
5 0

Answer: The Price Level and Real GDP will both Rise.

Explanation:

Income tax is declining so that means the Aggregate Demand Curve will shift to the right.

Productivity is rising so the AS curve will shift left.

If the change in the AD is more, prices and GDP will therefore both rise.

Vikki [24]2 years ago
3 0

Answer:

If the aggregate supply—also referred to as the short-run aggregate supply or SRAS—curve shifts to the right, then a greater quantity of real GDP is produced at every price level. If the aggregate supply curve shifts to the left, then a lower quantity of real GDP is produced at every price level.

Explanation:

A shift in aggregate supply can be attributed to many variables, including changes in the size and quality of labor, technological innovations, an increase in wages, an increase in production costs, changes in producer taxes, and subsidies and changes in inflation.

In summary, aggregate supply in the short run (SRAS) is best defined as the total production of goods and services available in an economy at different price levels while some resources to produce are fixed... As prices increase, quantity supplied increases along the curve.

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Which of the following statements is FALSE regarding financial and nonfinancial measures of performance?a.Nonfinancial measures
faltersainse [42]

Answer:

D. Financial measures are lead indicators of future success.

Explanation:

This is said to be not true regarding financial and non financial measures of performance.

Businesswise, it is often debated whether a commonly perceived good company, as defined by characteristics such as competitive advantage, stable earnings, above-average management, and market leadership, is also a good company in which to invest. While these characteristics of a good company can point toward a good investment, this article will explain how to also evaluate the company's financial characteristics and how to know if a company is a good investment.

8 0
2 years ago
Deitz Corporation is projecting a cash balance of $32,400 in its December 31, 2019, balance sheet. Deitz's schedule of expected
Anna71 [15]

Answer:

<u>Dietz corporation cash budget for the first quarter </u>

Total Receipts :

Collections from Customers                           $199,800

Receipts from Sale of Equipment                      $3,240

                                                                        $203,040

Total Payments :

Direct materials                                                 $46,440

Direct labor                                                        $75,600

Manufacturing overhead                                  $37,800

Selling and administrative expenses               $48,600

Purchase of securities                                        $15,120

                                                                         $223,560

Net Receipts/(Payments)                                 ($20,520)

Opening Balance                                              $32,400

Closing Balance                                                  $11,880

Required Balance                                              $27,000

Loan (Shortfall)                                                    $15,120

Explanation:

A cash Budget shows the future estimate of future cash incomes and cash expenditures.

3 0
3 years ago
On July 1 of the current calendar year, Olive Company paid $8,200 cash for management services to be performed over a two-year p
Andrew [12]

Based on the amount paid by Olive Company for the two year period, the adjusting entry on December 31 would be a debit to an expense and a credit to prepaid expense for $2,050.

<h3>What would be the adjusting entry?</h3>

Based on the accrual method, only costs for the year can be recorded as expenses.

If any costs are for other periods, those costs would be credited to prepaid expenses.

The expense for this year for management services would be:

= Number of months from July to December x Amount paid / number of months in contract

= 6 months x 8,200 / 24 months

= $2,050

In conclusion, expenses will be debited $2,050.

Find out more on prepaid expenses at brainly.com/question/9270086.

4 0
2 years ago
Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is
statuscvo [17]

Answer:

a. Toby is not maximizing his utility

b. Toby should reduce his spending on cashew and increase his spending on peanuts.

Explanation:

a. Is Toby maximizing his total utility from the kinds of nuts? If so, explain how you know.

Toby will maximize his utility when we have:

MUp/Pp = MUc/Pc

Where;

MUp/Pp = Marginal utility of peanut divided by price of peanut = 100/10 = 10

MUc/Pc = Marginal utility of cashew divided by price of cash = 200/25 = 8

From the above, Toby is not maximizing his utility. I am able to know this because MUp/Pp > MUc/Pc (i.e. 10 > 8). An Toby will only maximize his utility when MUp/Pp = MUc/Pc.

b. If not, how should he rearrange his spending?

Since MUp/Pp > MUc/Pc (i.e. 10 > 8), Toby should reduce his spending on cashew in order to increase MUc and increase his spending on peanuts reduce MUp until MUp/Pp = MUc/Pc.

3 0
3 years ago
For the 179 parts that account for approximately 70% of dollars spent last year on stock, what inventory accuracy would apics re
Murljashka [212]

Inventory purchasing is higher

8 0
3 years ago
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