Answer:
C. the price is below the equilibrium price
Explanation:
Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.
In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.
For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.
The increase in demand would lead to shortage, making farmers increase price wanting to supply more.
Answer:
"Try something and if it doesn't work, admit it and try something else."
Explanation:
When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?
Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.
When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.
Answer:
$28,800
Explanation:
I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.
accrued interests from September to December = principal x (9%/12) x 4 months
principal = $480,000 x 2 = $960,000
accrued interest payable = $960,000 x 0.75% x 4 = $28,800
A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.
The given statement is false.
<h3>What is a tax?</h3>
A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.
When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.
Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.
Learn more about the tax cut policies in the related link:
brainly.com/question/13924294
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Answer:
de-industrialization
Explanation:
Deindustrialization refers to the phase of social and economic event caused by the elimination or decrease of industrial base or operation in a region or country, in particular of manufacturing industries or mining. It's the reverse of being industrialised.
It is the opposite of industrialization. Deindustrialization usually happens as it is no longer profitable for a specific industrial activity. It's a phase in which industrial development is eliminated or decreased in a country or area due to a major social or economic transition.
