Answer:
Given that price level is $132
Real GDP $4 trillion natural
$3.9 trillion in short run,
$4.3 trillion long run. Naturally an economy can be either at equilibrium when the real GDP=Natural GDP, At inflationary when real GDP is greater than natural GDP and at Recession when real GDP is less than Natural GDP.
The economy is in disequilibrium because the natural GDP in the economy is not equal to real GDP in the short run. Therefore, it will result to recession in the economy.
The price in the long run equilibrium will be greater than $132 because, the real GDP in the long run is greater than $4.0 trillion. The latter will result in inflation due to existence of surplus in the economy. Inflation results to high prices more than $132 to compensate for the inflation rate
Answer:
A strong organizational culture is one where the organizational strategy is aligned with its values, and where there is an integration of employees and a favorable environment for the development of skills, productivity, cooperation and innovation.
In a company where the culture is strong, there is greater creativity and innovation, as employees value their work more and are more valued, with training and benefits that make them more satisfied with their work and consequently more willing to strive to achieve organizational objectives and goals.
Organizational culture is essential for a company to be well organized and structured according to its purpose and identity, in a work environment where the culture is weak, greater conflicts may arise, performance decline, job turnover, and this can affect the entire result of a company.
To create a strong culture, it is necessary to have a management based on collaboration and assistance, where managers are the main instruments for the dissemination of good work practices and ethics.
Answer:
Debit Balance as per Cash Book - i - ii + iii = Credit Balance as per Passbook.
Explanation:
Bank Reconciliation Statement is a statement drawn at the end of accounting period, to adjust the mismatch between bak balance as per cashbook & passbook.
Debit Balance as per Cash Book = $ 22970
Less : Receipts added in cashbook, but not passbook = (1885)
Less : Bank service fee deducted from passbook, not cashbook = (55)
Add : Cheques written but not deducted from passbook = 1460
Credit Balance as per passbook = $ 22490
Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
