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sdas [7]
3 years ago
14

In an economy where planned aggregate spending is given by PAE = 5,500 + 0.6Y - 20,000r, the interest rate is currently 5 percen

t (0.05). If potential output equals 11,750, the central bank must ______ the interest rate to close the ____________ gap. reduce; expansionary reduce; recessionary raise; recessionary raise; expansionary
Business
1 answer:
svlad2 [7]3 years ago
8 0

Answer:

Reduce; Recessionary

Explanation:

We need to emphasize the fact that fiscal policy is the use of government spending and tax policy to alter economy.

A recessionary gap can be defined as a microeconomic term which describes an economy operating at a level below its full employment equilibrium. Under a recessionary gap condition, the level of real gross domestic product GDP is lower than the level of full employment, which puts downwards pressure on prices in the long run.

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Answer:

The amount of uncollectible account expense was recorded for July was $9,500

Explanation:

According to the given data we have the following:

Accounts written off amount=$5,200

Increase in Allowance for Doubtful Accounts=$4,300

Therefore, in order to calculate the  amount of uncollectible account expense was recorded for July we would have to make the following calculation:

Uncollectible accounts expense for July= Accounts written off+ Increase in Allowance for Doubtful Accounts

Uncollectible accounts expense for July= $5,200+$4,300

Uncollectible accounts expense for July=$9,500

The amount of uncollectible account expense was recorded for July was $9,500

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2 years ago
If 3,000 is invested at 7% for 6 months,how much simple interest is earned
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3 years ago
Beauty Products International happens to be located a few miles from a minimum security prison. To help released prisoners reint
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A employ sustainable business practices with regard to its employees and society.

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