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Helen [10]
2 years ago
6

Settings Suppose an economy experiences technological progress and this causes a shift in the LRAS curve. Which of the following

should not​ occur?
A. There will be reduced pressure on prices as the economy has the ability to produce more real GDP.
B. There should be a shift to the right in the SRAS curve because the increased technology reduces the cost of producing goods in the economy.
C. There will be an increase in government purchases as the economy has more income.
D. There should be an increase in the amount of income which will cause an increase in AD.
Business
1 answer:
vlada-n [284]2 years ago
7 0

Answer:

C) There will be an increase in government purchases as the economy has more income.

Explanation:

The long run aggregate supply (LRAS) curve includes the output of an economy when all the factors of production are being used at full capacity. The position of the LRAS curve depends on the number of​ workers, the amount of​ capital, and the available technology.

Every time an economy (or even a company) experiences a significant technological progress, its productivity increases, increasing the total output.

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Sphinxa [80]

Answer:

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

5 0
2 years ago
What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?
rewona [7]

Answer:

The bullwhip effect happens when retailers or other members of the supply chain overestimate a sudden increase in demand, and this causes a chain reaction in all the other participants of the supply chain that start requesting higher quantities of goods or materials for production. E.g. the fidget spinner was a very popular fad and its producers probably didn't anticipate how large the demand would be. Once the product became extremely popular, everyone wanted to sell fidget spinners. This caused an increase in the order quantities of all the supply chain. Once the fad faded out, all this momentum stopped and many stores, distributors, wholesalers, and even factories were left with huge unsold stocks of fidget spinners.

When the supply chain is well coordinated, there is little chance for some retailers or distributors to over react and want more product just in case. If your supply is guaranteed, then it would take some extraordinary increase in demand to make you want to increase your purchase orders. But if your supply chain is not well coordinated, you might fear that you will lose a lot of sales and other competitors will make them. Then you get anxious and start ordering large quantities.

6 0
3 years ago
Geneva receives high praise from her boss when she attracts a new client to her firm. this praise leads geneva to work hard to o
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4 0
3 years ago
The following information pertains to a manufacturing company: Beginning finished goods inventory $48,000 Manufacturing overhead
EleoNora [17]

Answer:

COGS= $122,000

Explanation:

Giving the following information:

Beginning finished goods inventory $48,000

Cost of goods manufactured $117,000

Ending finished goods inventory $43,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 48,000 + 117,000 - 43,000

COGS= $122,000

7 0
2 years ago
A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage." Calculate
Lynna [10]

Answer:

$113,465

Explanation:

Calculation to determine difference in total dollars that will be paid to the lender under each loan

First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month

$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})

PMT = $804.62

Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month

$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})

PMT = $ 978.87

Now let determine the Total difference

Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)

Total difference= $113,465

Therefore difference in total dollars that will be paid to the lender under each loan is $113,465

6 0
3 years ago
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