Answer:
(a) Contractionary fiscal policy
(b) Aggregate shifts leftwards
Explanation:
Fiscal policy is a tool that is used by the government of a nation to control the fluctuations in the aggregate demand.
In this type of situation, government prefer to implement contractionary fiscal policy in the following form:
(1) Decreases government spending
(2) Increases taxes
When government increases taxes then as a result there is a fall in the consumer's disposable income. Therefore, the demand for the goods and services decreases in this economy and shifts the aggregate demand curve leftwards.
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Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22
Answer: A. They are highly rigid because of organizationally dispersed team members.
C. They often suffer from a lack of understanding regarding the team's purpose.
