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KatRina [158]
2 years ago
12

Suppose the economy is in long-run equilibrium. In a short span of time, there is a decline in the money supply, a tax increase,

a pessimistic revision of expectations about future business conditions, and a rise in the value of the dollar. In the short run, what would we expect to happen?
Business
1 answer:
Mkey [24]2 years ago
8 0

Answer:

The price level and GDP will fall.

Explanation:

A decline in money supply will increase the interest rate, as a result the investment will decline. This will cause production to decrease. An increase in tax will cause the cost of production to increase, reducing the supply. The taxes will decrease the disposable income, further reduing demand and cnsumption. A pessimistic expectation of business will also cause production to decline.

A rise in the value of dollars will make exports expensive, reducing exports. All of this will cause the GDP and price level to decline.

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A borrower sued a foreclosure consultant for violating the mortgage foreclosure consultant law. the borrower may receive actual
lesya692 [45]

The borrower may be awarded real losses, legal expenses, and, in extreme situations, the credit may be extended.

<h3>What is foreclosure consultant?</h3>

A person who stops the sale of foreclosure is called as  foreclosure consultant. He, directly or indirectly, makes a solicitation, representation, or offer to an owner to perform for the act of foreclosure.

A borrower filed a lawsuit against a foreclosure consultant for breaking the mortgage foreclosure consultant legislation. The borrower may be awarded actual damages, legal charges, and credit may be extended in exceptional cases.

Therefore, it can be concluded that credit expansion can be done in some of the cases for violating the mortgage.

Learn more about mortgage here:

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6 0
1 year ago
Farr Company purchased a new van for floral deliveries on January 1, 2020. The van cost $56,000 with an estimated life of 5 year
marta [7]

Answer:

The balance of the Accumulated Depreciation account at the end of 2021 is $26,880

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total asset cost - salvage value =  $56,000-$14,000 = $42,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2020 = 40% x $42,000  = $16,800

At the beginning 2021, the Depreciable cost's book value is $42,000-$16,800 = $25,200

Depreciation expense for 2021 = 40% x $25,200 = $10,080

The balance of the Accumulated Depreciation account at the end of 2021 = $16,800 + $10,080 = $26,880

8 0
3 years ago
Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in y
Airida [17]

Answer:

225,000 shares

Explanation:

A company's shares outstanding refers to the total number of shares investors currently own.

Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.

In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury.

At December 31, year 3, the number of shares of Beck's common stock were outstanding is

200,000 shares in year 1

100,000 shares in year 2

Total Common Stock = 300,000

less: Treasury Stock of    75,000

Outstanding Stock = 225,000 shares

5 0
3 years ago
Free brainliest to first person
yarga [219]

Answer:

Hi

Explanation:

8 0
3 years ago
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Which of the following statements is correct?a. Monopolistic competition is similar to monopoly because both market structures a
nata0808 [166]

Answer:

The correct answer is (A)

Explanation:

Monopoly and monopolistic competition are similar in many ways. In both type of markets the firms are usually the price makers. Being the only firm in the market gives them an opportunity to earn abnormal profits and in both cases firms earn abnormal profits. Perfect competition is a type of market that is totally different in terms of number of sellers and buyers. In perfect competition firms are the price takers.

4 0
3 years ago
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