Answer: Decrease in the short run aggregate supply. increase in long run aggregate supply
Explanation:
assuming the wage stays constant in the short run (price of labour), an increase inflation/general prices will lead to a decrease in the Supply of labour because the current wage is no longer enough to cover the same number of goods people used to buy which will then increase Unemployment. The Labor market will experience a situation where inflation and unemployment are increasing at the same time
The Supply of Labour will increase in the Long run because the wage price will have sufficient time to adjust and increase to a new equilibrium level. .an increase in wage price will increase the quantity of supplied.
A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision
<h3>What is income statement?</h3>
An income statement can be regarded as financial statement which helps to display company's income and expenditures.
It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.
Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.
Learn more about income statement here : brainly.com/question/21851842
A country with an absolute advantage over another country achieves this if their production costs are lower.
Absolute advantage means a company or individual out perform another more efficiently. In this case, if two companies are making a product and one selling them for the same price, but one company can make the product for cheaper, they have an absolute advantage.
I dont know but i think its
B) 1
Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
