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3 years ago

Price controls on goods can be set by

2 answers:

4 0

The president is able to set price controls. When this is done however it sets an artificial ceiling on the price of goods. When the price set is too high it causes too many of the product to be produced because people can't afford to buy it. When the price being set it too low it causes shortages. in the market place. One example of this is when back in the 1970's the price of gasoline was set at too low of a price. Long lines formed a gas stations and only those who were patient enough to wait in line actually got the gas the needed.

Brilliant_brown [7]3 years ago

4 0

The answer is government. I just took the test.

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Most economists believe that in the long run, changes in the money supply Group of answer choices affect nominal but not real va

Ymorist [56]

Answer:

affect nominal but not real variables. This view that money is ultimately neutral is consistent with classical theory.

Explanation:

This idea is held by classical economists (not by most economists) since they believe in the quantitative theory of money:

MV = PQ

M = quantity of money
V = velocity of money
P = price level
Q = quantity of goods

Classical theory was abandoned 90 years ago (according to classical theory, recessions were not possible and couldn't exist, but then the Great Depression came and the impossible became true). Neo-classical or monetarists appeared in the 1960s, and lately, neo-neo-classical appeared with George W. Bush. The problem with the quantitative theory is that it needs the following things to be true in order to hold, and empirical evidence over the last 90 years showed that none of them are true:

the velocity of money has to be constant (AND IT IS NOT CONSTANT)
real output is independent on money supply (NOT TRUE)
causation goes from money to prices (MODERN ECONOMISTS BELIEVE IT IS THE OTHER WAY)

5 0

3 years ago

Can someone sell a car that is not registered to their name

postnew [5]

No. Someone can not sell a car legally if it is not registered to their name.

5 0

3 years ago

Colliers, Incorporated, has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the

VladimirAG [237]

a. The amount that will go to the preferred stockholders is $400,000.

b. The amount of the declared dividend that will be available for common stock dividends is $200,000 ($600,000 - $400,000).

Data and Calculations:

Cumulative Preferred Stock Outstanding = 100,000 shares

Dividends per share = $2

Cumulative Preferred Dividend last year = $200,000 (100,000 x $2)

Preferred Dividend this year = $200,000 (100,000 x $2)

Total preferred dividend to be paid this year = $400,000

Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).

Learn more: brainly.com/question/24297088

6 0

2 years ago

In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins

serg [7]

Answer:

Jasmine recognize $1,940 this year if she uses the accrual method of accounting.

Explanation:

The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.

The entry to record the receipt of payment is :

Cash $15,520 (debit)

Unearned Rental Income $15,520 (credit)

By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :

Unearned Rental Income $1,940 (debit)

Rental Income $1,940 (credit)

Rental Income calculation = $15,520 × 4 / 32

= $1,940

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3 years ago

New York City limits the number of taxi cabs that can legally operate in the city. The most likely result of this practice is th

stich3 [128]

Answer:

cab fares will be higher.

Explanation:

The supply of cabs would fall as a result of the limit. The fall in supply would lead to a rightward shift of the demand curve for cabs.

As a result, equilibrium price (cab fares) would increase and equilibrium quantity would fall.

subway is a substitute for cabs

Due to the increase in the price of cabs, there would be an increase in the demand for subway. This would lead to a rise in equilibrium price and quantity

8 0

3 years ago