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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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vladimir2022 [97]

Answer:

what? I need points tho thanks

8 0
3 years ago
Suppose that in an attempt to induce citizens to conserve energy, the government enacts regulations requiring all air conditione
Nana76 [90]

Answer:

(A) Because the regulation effectively reduced the price of cool air, consumers with sufficiently elastic demand might have bought substantially more of it.

Explanation:

If the demand for energy services remains constant, improving energy efficiency will reduce energy consumption and carbon emissions. However, many efficiency improvements do not reduce energy consumption by the amount provided by simple engineering models. This is because they make energy services cheaper and therefore increases the consumption of those services.

For example, since low-fuel vehicles make travel cheaper, consumers can choose to drive further, thus offsetting some of the possible energy savings. Similarly, an extensive historical analysis of improvements in technological efficiency has conclusively demonstrated that improvements in energy efficiency were almost always overcome by economic growth, which resulted in a net increase in resource use and associated contamination.

3 0
3 years ago
Find the amount of money accrued at the end of 5 years when $5000 is deposited in a savings account drawing 5 1 4 % annual inter
Eduardwww [97]

Answer:

$6,424 .06

Explanation:

Present value (PV): $5,000

Rate: 5.14% per annual

Tenor: 5 years

The amount of money accrued at the end of 5 years is the future value (FV) of investment

FV = PV * (1+rate)^tenor

= $5,000 *(1+5.14%)^5

= $6,424 .06

8 0
3 years ago
The CARES Act allows special treatment for net operating losses incurred in 2018, 2019, and 2020. Which of the following is not
Ulleksa [173]

Answer: d. Taxpayers may claim the carryback using Form 1045 at any time within three years of the due date of the return for the NOL year.

Explanation:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, was signed into law in the wake of the effects of the Coronavirus pandemic that swept the nation in 2020.

Under this Act, all NOLs may be carried back five years and taxpayrs were allowed to waive their carryback period by attaching a statement to their 2020 return.

The Act however, did not allow for taxpayers to claim their carryback using Form 1045 at any time within three years of the due date of the return for the NOL year as this Act was only passed to cushion the effects of the pandemic in 2020.

3 0
2 years ago
As a marketing researcher for SoundSense, Nancy Bales has been asked to gather preliminary information that will help create a r
Tresset [83]

Answer: exploratory research

Explanation: In simple words, exploratory research refers to the research which is conducted for problem that involves knowing what is going on in the current situation. These researches results in development of conclusion that is completely new.

In the given case, Nancy bales has to make a research about  a product that is new to the market. She has to conclude if that item is better than the i-pod or not.

Hence we can conclude that Nancy has to perform exploratory research.

4 0
2 years ago
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