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enot [183]
3 years ago
9

New Keynesian theorists argue that a. price and wage adjustments in response to policy changes often overcompensate and cause fu

rther price disruptions. b. unions and big business have considerable power and often choose not to change wages and prices so as to deliberately offset policy changes enacted by the government. c. the Fed and the Congress rarely do what they say they will do, so one should never listen to what they say. d. new classical rational expectations theories about how expectations are formed are completely wrong. e. prices and wages may not be free to adjust in response to policy changes.\
Business
1 answer:
tester [92]3 years ago
6 0

Answer:

The correct answer is (D)

Explanation:

New classical "rational expectations" theories about how expectations are formed, are completely wrong. That is, prices and wages may not be free to adjust in response to policy changes.

This is the basis of New Keynesian economics, which emerged from the Classical Keynesian economics.

New Keynesian theorists argue that wages and prices are sticky (hardly adjust) in the face of short term fluctuations in the economy. This means or explains that short term federal monetary policies do not have such a great influence on wage level and price level in the macroeconomy.

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Nonfinancial performance measures in the balanced scorecard such as customer satisfaction are often _____ of future financial pe
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Answer:

leading indicators

Explanation:

In the balance scorecard, the non-financial measures of performance could be done like customer satisfaction would able to anticipate the performance in the future as it can be an indicator in terms of the customer loyalty that can easily anticipate the revenue occur in the future

Hence, as per the given situation, this is a leading indicators

hence, the same is to be considered

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3 years ago
An individual's ecological footprint is equivalent to the:
makkiz [27]

Answer: option D is correct

Explanation:

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3 years ago
Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16,
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6 0
3 years ago
Match the items according to their impact on aggregate demand (AD).
postnew [5]

Answer:

A recession occurring in a trading partners economy

8 0
3 years ago
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance tot
Mice21 [21]

Answer:

a) The debit  and credit side of the unadjusted trial balance would be increased by $ 5200.

b) The debit side would remain unchanged. No effect will be seen  in the adjusted trial balance.

Explanation:

Effect of adjustments on adjusted Trial Balance.

This first entry would increase the wages expense and increase the liability account in the adjusted trial balance. Both debit and credit side would be increased by an equal amount.

b) This would decrease the Supplies account and increase the supplies expense in the unadjusted account. As both are on the debit side there would be no effect in the debit total.

Sr No                Account                    Debit          Credit

<u>Original Entries</u>

a.               Wages Expense            5200

                      Accounts Payable                         5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Correct Entries</u>

a.                  Wages Expense          5200

                          Accrued Wages Account Payable       5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Difference:</u>

<u>a)</u> We see that the first entry which was original passed the debit side is correct but the credit side would have been of accrued wages instead of accounts payable . This is to raise the amount by which wages are still outstanding by an amount 5200 at the end of the month.

This would decrease the accounts payable increase the wages payable . If the adjustment is not made it the salaries payable is understated .

<u>b)This adjusting entry is correct.</u>

5 0
4 years ago
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