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mafiozo [28]
3 years ago
9

24. Long-run growth in real GDP is determined primarily by ______, while short-run movements in real GDP are associated with ___

___. a. variations in labor-market utilization; technological progress b. technological progress; variations in labor-market utilization c. money supply growth rates; changes in velocity d. changes in velocity; money supply growth rates
Business
1 answer:
d1i1m1o1n [39]3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

Technological progress refers to the technological advances or innovations through which it is possible to produce more output using the same level of input or produce same level of output using lesser inputs.

Real GDP measures the change in economic output at constant prices.

In the long run real GDP will not be affected by change in market prices. The long run growth happens because of technological progress.

In the short run the changes in real GDP will happen because of variations in labor market utilization.

Since real GDP is measured on constant prices, it will increase when there is an increase in economic output. Output can be increased by employing more inputs.

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True or false….Each partner may withdraw the assets he or she contributed to the partnership?
liubo4ka [24]

Answer: True

Explanation: Each partner may withdraw the assets he or she contributed to the partnership at any time. An advantage of the partnership form of business is that each partner's potential loss is limited to that partner's investment in the partnership.

8 0
2 years ago
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Rose Project is a nongovernmental not-for-profit entity established to help runaway children. Every year, Rose holds a charity b
Nesterboy [21]

Answer:

A. $665,000

Explanation:

Rose received the following

Unrestricted $500,000

Restricted for counseling programs $200,000

Hence, Total Outstanding Pledge = $500,000 + $200,000 = $700,000

The Amount of Provision to be reported = $700,000 x 5% = $35,000

Amount should the pledges be reported on Rose’s balance sheet as pledges receivable will be $700,000 - $35,000

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8 0
3 years ago
Suppose that the duration of unemployment can be accurately modeled by an exponential distribution. What is the probability that
Phantasy [73]

Answer:

The answer is "0.7275".

Explanation:

6 months =26 weeks.

Since we can write pdf in a medium 20 weeks since the distribution is exponential

P(X

                 = \frac{1}{20} \frac{e^{\frac{-x}{20}}}{\frac{-1}{20}}|_{0}^{26} \\\\\\ = -(e^{ \frac{-26}{20}} - e^{0})\\\\\\ = 0.7275

4 0
3 years ago
The Anti-Trust Department also monitors cartels within the United States. As long as they don't control more than 40 percent of
gizmo_the_mogwai [7]

Answer:

c. This statement is false.

Explanation:

Anti-Trust Department is the department in the united states that could enforced the anti-trusted law. They have the right to investigate onto the collusion, this could harm the competition that could lead the welfare loss

Since large share could be considered so it should be controlled and investigated

Therefore the given statement is false

4 0
3 years ago
If, at the current price, there is a shortage of a good, then a. sellers are producing more than buyers wish to buy. b. the mark
goldenfox [79]

Answer: Option c

Explanation: The production by the producers for availability in the market is knows as the supply function in economics. And the amount of goods that the consumers are willing to buy at a given price is the demand function.

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Hence we can conclude that the right option is C.

3 0
3 years ago
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