Answer:
The correct answer is: monopolistic competition.
Explanation:
There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.
an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit. the level of productivity in this economy is 40
<h3>
What is productivity?</h3>
- It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labor productivity.
- Productivity increase is directly related to corporate earnings and shareholder returns.
- Productivity is a measure of a company's production process efficiency at the corporate level.
- It is calculated by comparing the number of units produced to employee labor hours or by comparing the company's net sales to employee labor hours.
- Productivity is calculated as a company's output divided by the units utilized to produce that output.
- In the workplace, productivity simply refers to how much "work" is completed in a given amount of time.
To learn more about productivity with the given link
brainly.com/question/23987161
#SPJ4
Answer:
increase in government purchases
Explanation:
If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
