Answer:
Multipier is 1/(1-.8) = 5
a. AD Shortfall/Multiplier = 100/5 = 20 billion
b. FS/MPC = 20/ .8 = 25 billion
c. 20 billion
In 2011, women working full-time and year-round earned 82
percent of what their male counterparts earned.
The data can be found in the book Women in the Labor Force:
A Databook. <span>This report presents historical and recent
labor force and earnings data for women and men from the Current Population
Survey (CPS), a national monthly survey of approximately 60,000 households conducted
by the U.S. Census Bureau for the U.S. Bureau of Labor Statistics.</span>
This group most likely received a rack rate.
Answer:
b. $210,000
Explanation:
The computation of the total income tax expense is shown below:
= Net income before tax × U.S tax rate
= $600,000 × 21%
= $210,000
As in the question, the net income before tax includes depreciation expense so we do not add it again. That's why we do not consider the depreciation expense in the computation part.
Answer:
D. Return to the original output and price level.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented. Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as aggregate demand (AD), aggregate supply (AS), inflation, and employment within a country.
