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nekit [7.7K]
3 years ago
8

When the aggregate supply curve is vertical, which of the following is not true? Group of answer choices The economy is producin

g the maximum sustainable level of output. Any increase in the price level will not cause an increase in aggregate output. The economy is expanding quickly. The economy is at capacity.
Business
1 answer:
Anni [7]3 years ago
8 0

Answer:

The economy is expanding quickly.

Explanation:

Aggregate supply is a measure of the total supply of goods and services made available by the supplier in an economy.

The normal aggregate supply curve is one with a positive slope. That is as price increases there is an increase in aggregate supply, and when price reduces aggregate supply also reduces.

However when aggregate supply curve is vertical, only one level of output is produced no matter the rise or fall of price.

This indicates that the economy is producing at capacity, and any increase in price will not result in increase in output.

It does not mean that the economy is expanding quickly.

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Yes, because they lead people to make poor decisions.

Explanation:

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How would you reconcile for a bank service fee listed on the statement?
konstantin123 [22]

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

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Learn more about bank service charges at brainly.com/question/26494219

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3 0
1 year ago
World-class performance measures can be used in different functional areas of a firm to satisfy objectives, enhance the value of
Snezhnost [94]

Answer:

The correct answer is the option D: All of these above.

Explanation:

To begin with, in the field of business worldwide it is very common for the big companies to use performance measures in order to see how they are doing and to see how the competitors are doing so that they can predict future actions and it also help them to take better management decisions. Moreover, all of that is possible due to the provision of those measures in the most important areas of the company, such as the quality department, the cost department and the customer service department. The measures must be measured in all of those ares because the combination of all of them together makes it easier to take decisions that affects the company in its whole and not only in the departments.

6 0
2 years ago
Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original producti
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Answer:

Direct material quantity variance

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= (5.7 x 23500 - 129,000) x $12

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The correct answer is B

Explanation:

Direct material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. Standard quantity is obtained by the product of standard quantity per unit and actual production.

4 0
3 years ago
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