Answer:
1. In the short run, wages and other prices are stagnant making the economy to run below or above the normal level. In the long run, wages and prices are fully flexible, and this allows the economy to run at its natural level.
2. This distinction is important because it helps us to see how difficult it could be to sustain the real gross domestic product and employment rates thus making the economy to run at a normal level or achieve its full potentials.
Explanation:
Stickiness or stagnancy of wages can be seen in the fact that it is most time difficult to fluctuate or change the wages of workers overtime. The prices of most goods are also sticky when they remain unchanged over a given period of time. These conditions exist in the short run, and make the economy to run above or below its full potentials. The real GDP and unemployment levels are negatively affected.
In the long run, flexibility of wages and prices are achieved and this makes the economy to run at its full potentials. The real GDP as well as the employment rate are at their optimum level then.
<span>the answer for this question is 10.50%</span>
The booking process.
I hope this helps and have a good night! :D
The answer could be any of these. This is not a fair question.
I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.
Answer:
Given that,
sold a paging system = $4,500
Sold extended warranty = $1,400
The journal entry to record this transaction would include:
(i) cash account Dr. $4,500
To Sales A/c $4,500
(To record the sales)
(ii) Cash A/c Dr. $1,400
To Unearned revenue A/c $1,400
(To record the service revenue)
