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vlada-n [284]
3 years ago
14

The short-run economic outcome resulting from the increase in production costs is known as . Now suppose that the government dec

ides not to take any action in response to the short-run economic impact of the higher oil prices. In the long run, when the government does nothing, the output in the economy will be $ billion and the price level will be:__________.
Business
1 answer:
Mice21 [21]3 years ago
7 0

Answer:

1. Stagflation.

2. $110;$110

Explanation:

Stagflation can be defined as a short-run economic outcome resulting from the increase in production costs.

Supposing the government decides not to take any action in response to the short-run economic impact of the higher oil prices. In the long run, when the government does nothing, the output in the economy will be $110billion and the price level will be $110.

Hence, resulting in an equilibrium price in the economy.

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Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the
kow [346]

Answer:

$1200

Explanation:

Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.

The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services

Arthur = 100 = 100

Bob = 300 - 100 = 200

Camille = 700 -300 = 400

Donita = 1200 - 700 = 500

Total Value 100 +200 +400 +500 = $1200.

You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods

8 0
4 years ago
How is sex like for a man and a women. Plz tell me I'm curious. Im going through puberty right now. Im desperate. It feels weird
tigry1 [53]

what a type of question!!!!!!!!

7 0
3 years ago
What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use sugg
Blizzard [7]

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

7 0
3 years ago
You explain the concept of smarketing meetings to your leadership team, and one person asks, "How often do we need to have these
Black_prince [1.1K]
<h2>Depending on the need would be the apt answer for this type of question.</h2>

Explanation:

Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.

Meeting,

  • can make employer understand employee better and vice-versa
  • is to communicate latest update, expectation
  • is to track current events and to hand-hold wherever necessary
  • is to review the road map to reach the organizational goals
  • is to appreciate the best work so that it would be a motivational factor for everyone
  • meant to trigger the work more efficiently

The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.

5 0
3 years ago
Accounting Equation
baherus [9]

,Answer:

  • a. $420,000
  • b. $473,000

Explanation:

a. Stockholders' equity December 31, 2017

Assets = Equity + Liabilities

529,000 = Equity + 127,000

Equity = 529,000 - 127,000

= $402,000

b. Stockholders' equity in 2018:

Assets = Equity + Liabilities

(529,000 + 101,000) = Equity + (127,000 + 30,000)

630,000 = Equity + 157,000

Equity = 630,000 - 157,000

= $473,000

8 0
3 years ago
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