If increased government spending spurs a short-run expansion. The statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>
<h3>What is aggregate supply?</h3>
Aggregate supply can be defined as the overall amount of goods and service that a firm intend to produce and supply at a point in time or at a particular period of time.
If an increase in government spending lead to short run expansion this means that there will be shift in aggregate supply of goods and service as aggregate supply will tend to shift to the left.
Therefore the statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>
Learn more about aggregate supply here:brainly.com/question/19802257
#SPJ1
Answer:
Journal Entries are as follows.
Explanation:
1. Cash $25,000 (Debit)
Common Stock $ 25,000 (credit)
2. Wages $10,000 (debit)
Cash $10,000 (credit)
3. Land $ 50,000 (debit)
Common Stock $50,000 (credit)
4. Dividend Declared $ 1000 (debit)
Dividend Payable $ 1000 ( credit)
And
Dividend Payable $ 1000 ( debit)
Cash $ 1000 (credit)
5. Cash $ 3000 (debit)
Long Term Investment $ 3000 (credit)
6. Cash $ 20,000 (debit)
Sales $ 20,000 ( credit)
7. Inventory $2000 (debit)
Cash $ 2000 (credit)
8. Investment $ 6000 ( debit)
Cash $ 6000 (credit)
9. Bonds Payable $ 10,000 (debit)
Discount $ 1000 (credit) ( if there's any)
Common Stock $ 9,000 ( credit ) ( in case of discount)
10. Notes Payable $ 10,000 (debit)
Interest on Notes Payable $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)
Cash $ 11,000 (credit)
Answer:
$140
Explanation:
Calculation for What is the least amount the government can spend to overcome the $350 billion gap
First step is to find the Multiplier using this formula
Multiplier=1(1-Marginal propensity)
Let plug in the formula
Multiplier=1/(1-0.6)
Multiplier=1/0.4
Multiplier=2.5
Now let calculate the least amount the government can spend using this formula
Least amount=Gap/Multiplier
Let plug in the formula
Least amount=$350 billion /2.5
Least amount=$140
Therefore the least amount the government can spend to overcome the $350 billion gap is $140
Answer:
The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have
Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls
Explanation:
Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.
Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.
Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.
Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.
A. The Occupational Outlook Handbook