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Strike441 [17]
3 years ago
13

The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In

2016, firms employed 124 million people. The Federal Reserve is part of the federal government and hires relatively few people, about 22,000 in 2016. Even if the Fed doubled or tripled its work force, it would have little impact on employment levels, yet economists strongly link actions of the Fed to the level of total employment in the economy. Carefully explain how the Fed is able to affect the level of total employment in the economy. Be sure to include all relevant actions the Fed can take in affecting total employment.
Business
1 answer:
skelet666 [1.2K]3 years ago
7 0

Answer:

The Federal Reserve is in charge of the monetary policy in the United States. It expands or reduces the money supply (the total amount of money in the economy) by raising or lowering the interest rate.

There is a relationship, in the short run, between unemployment and money supply. The higher the money supply, the lower the unemployment rate, and viceversa: the lower the money supply, the higher the unemployment rate.

This relationship exists because when the money supply increases, the interest rate falls, if the interest rate falls, investing becomes cheaper, and as a result, firms invest more and hire more workers.

The opposite happens when the money supply is contracted: interest rates rise, investing becomes more expensive, and firms hire less people.

This is why the Fed has a great deal of power when it comes to employment in the economy.

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James Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two department
GREYUIT [131]

Answer:

Total cost= $9395

Explanation:

Giving the following information:

The company has two departments: Assembly and Sanding.

The Assembly Department:

Departmental overhead rate of $35 per machine hour.

The Sanding Department:

Departmental overhead rate of $20 per direct labor hour.

Job 603:

Direct labor hours used 85

Machine hours used 107

The cost of direct labor is $30 per hour

Direct materials used= $1,400.

Total cost= direct materials + direct labor + manufacturing overhead

Total cost= 1400 + $30*85 + [(107*$35)+(85*$20)]

Total cost= 1400 + 2550 + 5445

Total cost= $9395

6 0
3 years ago
Consider the market for running shoes. draw a​ firm's average total cost curve with no advertising. label it atc0. draw the​ fir
Anarel [89]

I believe it’s b..... hope this helps pls tell me if I’m wrong! <3

7 0
3 years ago
Explain the vertical integration options and directions for the following providers: (a) a major academic medical center such as
kvasek [131]

Answer:

(a)<u> Backward vertical integration</u> (b) <u>Forward vertical integration</u> (c) <u>Backward vertical integration</u>

Explanation:

(a) An academic medical center is an example of backward vertical integration. The specialist and faculties from the university will provide treatment to the patients. Such medical centers have tertiary service with several intermediaries.

(b) Here, there is no intermediary between patients and general surgery group. The general surgery group treat patients directly. So here there is a forward vertical integration system.

(c) A manufacturer of durable medical equipment will supply to retailers who in turn supply these to hospitals where the patients will receive service from these equipment. So, it is an example of backward vertical integration.

3 0
3 years ago
Iliana’s gross pay is $2,130 per month. Her deductions total $270. She budgets for $1,000 in fixed expenses and $400 in variable
nexus9112 [7]
Lliana saved $460, her gross of which is $2,130 minus her total deductions which is $270. Her fixed expenses which $1,000 we know that it is liability like payment to the bills, the $400 variables expenses can be her food and transportation or other expense that she might need to spend. In calculation, the equation is $2,130 - $270 - $1,000 - $400 = $460
7 0
3 years ago
Read 2 more answers
In the short-run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its
Dmitry [639]

Answer:

the correct answer is $1,250

Explanation:

(The average variable costs + the average fixed costs) *  Production units

             =

The firms total costs

$2.00 + $0.50 =$2.50

$2.50 * 500= $1,250

GOOD LUCK

8 0
3 years ago
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