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d1i1m1o1n [39]
3 years ago
7

Suppose that the economy is in a recessionary gap. The appropriate countercyclical monetary policy is

Business
1 answer:
anastassius [24]3 years ago
6 0

Answer: expansionary monetary policy

Explanation:

Recession occurs when economic activities slowdown. In a recessionary gap, the actual gross domestic product of the economy will be less than the potential gross domestic product of the said economy.

In such scenario, the expansionary monetary policy will be used because it will bring about economic growth. Expansionary monetary policy is when there is a rise in the supply of money in the economy. Also, the interest rates are reduced and there is an increase in demand.

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Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate
svlad2 [7]

Answer:

Work In Process Account $150,000 (debit)

Overheads $150,000 (credit)

Explanation:

Overheads are included in Work In Process Account at their Applied Amounts .Thus a <em>Debit</em> in Work In Process Account and a <em>Credit</em> in Overheads Account is required for this entry.

7 0
3 years ago
4. Leon is catering a luncheon. He is only supplying the food. What kind of catering service is he providing? A. Social B. Corpo
MAVERICK [17]
He is providing corporate catering
3 0
3 years ago
What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
IgorC [24]

The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.

<h3>Maximum amount of New loans</h3>

It follows from macroeconomics calculations that;

The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.

Given that the amount in reserves is $80 million.

  • $80 million * (1/20%)
  • $80 million * (5) = $400 million.

Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.

Read more on loans;

brainly.com/question/25599836

6 0
2 years ago
"With a finance degree, you can apply for almost any position available to accounting majors."
nexus9112 [7]

Answer:

False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.

3 0
3 years ago
A group of 10 pineapple pickers can pick 240 pineapples in an hour. When one more pineapple picker is added to the group, they c
photoshop1234 [79]

Answer:

30 pineapples

Explanation:

The computation of the marginal product of the 11th pineapple picker is shown below:

= 11 pineapple - 10 pineapple

= 270 pineapples - 240 pineapples

= 30 pineapples

Hence, the marginal product of the 11th pineapple picker is 30 pineapples

We simply applied the above formula so that the correct value could come

4 0
3 years ago
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