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lyudmila [28]
2 years ago
14

If the price level and the money wage rate rise by the same​ percentage, the quantity of real gdp supplied​ ______ and there is

a movement up along the​ ______ aggregate supply curve.
Business
1 answer:
Juliette [100K]2 years ago
4 0

<span>There is no change in the quantity of real GDP supplied and a movement occurs up along the</span> economy's supply schedule in the long‐run that is the Long-run Aggregate Supply (LAS) curve if the price level and the money wage rise by the same percentage.

 





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General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

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4 0
2 years ago
You have a job in the cute clothing boutique with wages of $10 per hour. you work 35 hours each week, so your gross pay is _____
juin [17]
$350 would be the answer to your question

8 0
3 years ago
Read 2 more answers
Which standardized metric of output is used to gauge the size and market potential of an economy?
Nadusha1986 [10]

Answer:

The standardized metric of output used to gauge the size and market potential of an economy is the Gross Domestic Product.

Explanation:

The Gross Domestic Product is the value of goods and services that are

produced in a country in a certain time and it is consider an important indicator to analyze the state of a country's economy. The value of the goods and services produced is considered the size of the economy.

Also, as the GDP is an indicator of how the economy is doing, businesses tend to use it to predict if the sector will grow or not.

5 0
3 years ago
Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 14.75 percent per year. The bank uses
gulaghasi [49]

Answer:

13.76%

Explanation:

The computation of the interest rate required by law is shown below:

As we know that

Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1

0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1

(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365

(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365

So, the Annual percentage rate is

= [(1.1475)^ × (1 ÷ 365) - 1] × 365

= 0.1376

= 13.76%

4 0
3 years ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
lina2011 [118]

Answer:

15%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Year       Cash Flow

0             -$27,100

1                $11,100

2               $14,100

3                $10,100

The formula to compute IRR is

= IRR()

After applying the above formula, the internal rate of return is 15%

4 0
3 years ago
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