Answer:
The correct words for the blank spaces are: efficient; technological change.
Explanation:
The New Classical school of Economics was originated at the beginning of the 1970s having as its main characters to American economists Robert Lucas (born in 1937) and Edward Prescott (born in 1940). New classicals pay special attention to economic models based on individuals' behaviors, indicating they pursue to maximize their utility by making rational decisions.
When it comes to business cycles, they proposed fluctuations in the economy were boosted by unanticipated "<em>shocks</em>". <em>Changes in aggregate demand were the result of unexpected monetary or fiscal policies. Changes in aggregate supply were caused by </em><u><em>efficient</em></u><em> changes in productivity as a result of temporary changes in </em><u><em>technology</em></u><em>.</em>
Answer:
Refer diagram in attachment
Explanation:
The market equilibrium price of crude oil is $36. The price offered offered to the United States ($32) is lower than the market equilibrium price.
Thus, at this point, quantity supplied to the U.S is at 10million barrels per day whereas quantity demanded by the United States is at 13million barrels per day. This creates a shortage of 3million barrels per day (13-10).
Diagram notes:
1. Green Line marking: $32 price (PWorld)
2. Orange Line marking: Quantity supplied to the U.S (Upper P1)
3. Purple Line Marking: Quantity demanded by the U.S (Upper P2)
Answer:
The correct answer is B
Explanation:
Holding inventory is the term which is defined as the costs which is linked with storing or keeping the inventory that remains unsold with the seller. These costs are one of the vital component of the aggregate inventory costs, along with the shortage costs and the ordering costs.
The reason for holding the inventory could be require protection from uncertainties, enable the firm in accomplishing the economies of scale, act as buffer among the channel of distribution and critical interfaces and enable the specialization in production.
Answer:
First question Option D. Reserves are so large that banks have little need to borrow reserves from other banks.
Second question. C. Using the tools the Fed had available would have disrupted the financial system.
3rd question. A. The Fed raised the rate it pays on excess reserves.
Explanation:
1st question. The financial crisis revealed the need of increases reserved by banks. Now, banks have abundant reserves with the Fed so that they do not need to borrow reserves from other banks.
2nd question. With the monetary policy tools the Fed had prior to the financial crisis, the Fed could not control the feferal funds rate because investor and consumer behavior was not confirming to the normal pattern because of the housing crisis and decline in the funds rate was not leading to increase in investor confidence or consumer confidence and thus aggregate demand was not increasing.
3rd question. (To increase the federal funds rate, Fed raised the rate paid on excess reserves and reserve purchase agreements.)
Answer:
A) purchasing
Explanation:
THIS IS THE COMPLETE QUESTION
Warehouses sometimes perform certain other functions besides storing goods. Which of the following is NOT typically one of those functions?
a. purchasing
b. postponement
c. break-bulk activities
d. consolidation point
e. cross-docking
warehouse can be regarded as a commercial building used in storing of goods. Warehouses are been utilized by manufacturers as well as importers and exporters and also wholesalers. There are different types of warehouse such as private, public warehouse. It helps in storage of both raw material as well as finished goods.
The following are typically other functions of warehouse.
✓ break-bulk activities
✓cross-docking
✓postponement
✓consolidation point