Answer:
1. Under what condition(s) can an economy make a relatively quick and easy transition to full-employment level of output?
Classical economics are great theoretically, but actual evidence from real life is always against them. The problem with wages and unemployment is that wages are sticky, no one likes a wage cut and employees will always fight against them. That results in drastic changes in the level of unemployment, since it is easier to fire employees than lower their salaries.
When a demand shock occurs, and the aggregate demand curve shifts to the right, the aggregate supply curve will also shift. At this point, suppliers will need to hire more employees and fast since they cannot keep up with the demand. The problem is that in real life, demand shocks are sudden only in theory, no one will wake up tomorrow having twice the money and willing to spend it all immediately.
Classical economics work on the long run, but the problem is that the long run is not a definite point in time. We might actually never live to see the long run occur.
2. What condition(s) would keep an economy from moving back to full employment quickly and easily?
Shifts in the aggregate demand curve never occur from one day to another, they are gradual and take time. In real life, unless you suddenly win the lottery, the amount of goods that you purchase is generally stable. It will increase or decrease over time but not abruptly. Since sudden demand shocks do not occur in real life, neither do sudden shifts in the employment level. That is why the government issues monthly unemployment data, and you analyze the trends over several months or even years.
Payday loans are B. harder to pay back because of low fees and high intesest rates. Payday laons are small amount loans that are given to a person with a high interest rate. These loans are deemed to be paid back to the lender when the borrow receives their next paycheck.
Answer:
Balance sheet
Explanation:
Balance sheet is referred to as the statement of assets and liabilities. Property plant and equipment are shown in balance sheet with a schedule of addition, deletion and depreciation is attached to it. Hence, the financial statement that would best display a company's plant, property and equipment used everyday is the Balance sheet.
<span>The correct answer should be D. Negative punishment.</span>
Answer:
The answer is: False
Explanation:
Whenever a company wants to go international it has a lot work to do before creating an international division. Several things must be done before, mostly research, for example:
- Research if your product is know overseas, is there any possible market for it, are there any restraints for your products in those new markets.
- Any legal constraint or logistical problem you have to consider.
- Any local competition you have to worry about.
- Does your product fit in a new culture.
- And very many etceteras.
That should all be done before considering spending money on creating an international division.
Probably when the internet didn´t exist, communications were scarce, no Tv existed, people in one country didn´t know anything about other cultures, etc., a comp nay would have first created an international division to scout foreign markets but right now it doesn´t make sense.
