Answer:
The increase both real GDP and the price level.
Explanation:
in the short run, an increase in money supply results in an increase in the GDP of a country and the price level.
Therefore, The increase both real GDP and the price level.
Answer:
The journal entries are as follows:
(1) Accumulated depreciation - Building A/c Dr. $250,000
To Cash $250,000
(To record the replacement of heating system)
(2) Building A/c Dr. $750,000
To cash $750,000
(To record the new wing)
(3) Maintenance expense A/c Dr. $14,000
To cash $14,000
(To record the maintenance expense)
(4) Equipment A/c Dr. $50,000
To cash $50,000
(To record the new equipment)
Answer:
I Dont know
Explanation:
sorrrrrrry I will try next time
Answer:
Comparative advantage differs in that it takes into consideration the opportunity costs involved when choosing to manufacture multiple types of goods with limited resources.
Explanation:
The most tipycal example is the sustancial different between communist and capitalist economist in the 20th century
While the USSR and CHINA focus resources into specific areas like military, space program and other, the rest of the economy halved sustancially while the US and other OTAN members manage to acomplish the same amount of military or lower in some cases(USSR have more missiles and Atomic Boms than US), their economies thrived as their didn't renounce to the production of consumer good to make this.
Another example is the metal en road production While communist China used forced labor and thousand of people they manage to do more road than Europe but Europe used much less worker and thus, lower opportunity cost. and more of other goods could be produced.
