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Sloan [31]
3 years ago
12

Which of the following statements is true? Group of answer choices If current Real GDP is greater than Natural Real GDP, the eco

nomy is in a recessionary gap. If current Real GDP is less than Natural Real GDP, the economy is in long-run equilibrium. Wages are flexible if the economy is self-regulating. Wages rise but prices remain constant in long-run equilibrium. All economists believe the economy is self-regulating.
Business
1 answer:
Archy [21]3 years ago
4 0

Answer: Wages are flexible if the economy is self-regulating.

Explanation:

Classical economists believe that the economy is self-regulating. This means that if the economy is not at equilibrium, it will return to equilibrium if it is left without interference.

For this to happen, inputs such as wages have to flexible to enable them to adjust to market conditions and thus take the Economy back to equilibrium.

For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.

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Rivalry-related competitive pressures are being intensified by the efforts of rivals to expand their product lines and offer wid
VARVARA [1.3K]

Answer:

True

Explanation:

The pressure that are competitive are considered to be intensified via the competitors efforts in order to diversify the product lines and the other things at the wider area that wore the performance based yoga and the apparel related to the fitness

So as per the given statement, the statement is true

hence, the option a is correct

8 0
3 years ago
The government uses taxes and subsidies to guide consumption and production decisions.
aleksandrvk [35]

Answer: True

Explanation:

Tax is the amount of money that's paid by an individual or firm to the government. Subsidies are the funds or other forms of assistance that's given by the government to firms in order to help them increase their production and lower the prices of goods.

Fir example, if the government wants to decrease consumption in the economy, the government can increase tax. On the other hand, the government can increase consumption by reducing tax as people will have money to spend and also more money for production purpose.

4 0
3 years ago
At green acres fencing company, eight employees each perform various aspects of the company's work. one person does sales, four
miss Akunina [59]
<span>The fact that the Green Acres Fencing company differentiate the jobs and aspects of the company's work of the employees means that this type of organization reflects Fayol's principle of division of labor. The term division of labor means </span><span>the separation of a work process into a number of tasks</span>
8 0
3 years ago
Read 2 more answers
When there is a break in an electric tools insulation or wiring the tools metal may become what
denpristay [2]

Answer:

Hot or energized

Explanation:

8 0
3 years ago
What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations.
ira [324]

Answer:

present value  = $785.21

Explanation:

given data

interest rate r = 5%

Year 1 Cash Flow  C1 = $190

Year 2 Cash Flow  C2 = $390

Year 3 Cash Flow  C3 = $290

time t = 3 year

solution

we get here present value of cash-flow stream that is express as

present value = \frac{C1}{(1+r)} + \frac{C2}{(1+r)^2} + \frac{C3}{(1+r)^3}    ......................1

put here value and we get

present value  = \frac{190}{(1+0.05)} + \frac{390}{(1+0.05)^2} + \frac{290}{(1+0.05)^3}

present value  = $785.21

6 0
3 years ago
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