Answer:
Part I :
1) Total amount of oats allowed = 960000*16 = 15360000 ounce
2) Total amount of labor hours allowed = 960000*.04 = 38400 Hours
<u>Part II :
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1) Total amount of oats allowed = 750000*17 = 12750000 ounce
2) Total amount of labor hours allowed = 750000*.04 = 30000 Hours
Answer:
2. raises interest rates, causing aggregate demand to shift to the right.
Explanation:
Expansionary Fiscal Policies try to increase Aggregate demand by :-
- Decrease in taxes by government ; or / and
- Increase in government spending
The government injecting more money in public : by reduced taxes & increased govt spending - increases the aggregate demand .
The government finances this increased public spending with same or decreased taxes - through borrowings.
The government borrowing funds reduces the loanable funds in capital market, this loans' excess demand in capital markets increase their price i.e Interest.
Answer: the market supply to shift inward, driving the equilibrium price higher.
Explanation:
An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.
Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.
managers can choose between three possible global ______, which range from selling the same product to introducing an entirely new product
