Answer:
Lower
Explanation:
If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.
Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.
When there is a raise in aggregate demand = higher output + higher price level
On the Phillips curve, more GDP simply means less unemployment and higher price level.
Answer:
its either 'a net worth statement' or 'a budget'
Explanation:
Answer:
$35,000
Explanation:
Units started and completed means that out of the units completed and transferred, how many were started during the period. This figure is calculated in physical terms only. So there is no need to express any units in their equivalents.
So, this gives us an idea of how to calculate this :
Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process
therefore,
Units started and completed = 40,000 units - 5,000 units = $35,000
Answer:
35,000
Explanation:
Given:
2018 ending inventory understated = 9,000
2017 ending inventory understated = 14,000
Pretax income = $40,000
Computation:
We know that ending inventory 2017 is opening inventory of 2018 so, we say that Opening inventory of 2018 understated by $14,000.
According to rules, Opening inventory understated, overstated the profit and ending inventory understated, understated the profit.
2018 ending inventory understated will be added into profit and 2017 ending inventory understated will subtract from the profit.
Profit during the year = $40,000 +$9,000 -$14,000
Profit during the year = $35,000
