Answer:
D. the growth rate of output to rise initially as the economy begins to converge to the old steady state
Explanation:
Answer:
Debit Supplies expense $4,900
Credit Supplies account $4,900
Explanation:
When supplies are purchased, the entries required includes a debit to supplies account, and a credit cash or accounts payable (depending on whether the purchase was done via cash or on account).
For supplies used up, Debit supplies expense and credit Supplies account. The movement in the supplies account over a period is as a result of purchases and use such that it may be expressed as
opening balance + purchases - supplies used = Closing balance
$1750 + $3,500 - supplies used = $350
Supplies used = $1750 + $3,500 - $350
= $4,900
If the multiplier of government spending is 1.30 and government spending is increased by $150 billion, -165billion the amount by Shift of the demand curve will ultimately shift.
The spending multiplier algebra can be used to determine how much government spending would need to increase to bring the economy back to potential GDP when full employment occurs. Total Expenditure = C + I + G + (X - M).
The multiplier of government effect refers to the theory that government spending intended to stimulate the economy increases private spending, which in turn stimulates the economy. Essentially, this theory posits that government spending will bring additional income to households, leading to increased consumer spending.
Learn more about the multiplier of government at
brainly.com/question/14282612
#SPJ4
Beliefs because that's what they think is correct in other words believe what is correct.
