If Keynes's law applies during economic contractions and Say's law applies during economic expansion, the way in which the three goals of macroeconomics would be affected is that: trade-offs and connections may differ in the short run and the long run.
<h3>What is
macroeconomics?</h3>
Macroeconomics can be defined as a study of all the behaviors, performances, and factors that affect the entire economy. This ultimately implies that, macroeconomics typically focuses on aggregate phenomena such as the following:
- Gross Domestic Product (GDP).
- Inflation
- Price level
- Economic growth.
According to the law established by John Maynard Keynes, demand is an economic factor which creates its own supply. Additionally, the way in which the three (3) goals of macroeconomics would be affected are as follows:
- Trade-offs may differ in the short run.
- Connections may differ in the short run.
- Connections may differ in the long run.
- Trade-offs may differ in the long run.
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Complete Question:
If Keynes's law applies during economic contractions and Say's law applies during economic expansion, how will the three goals of macroeconomics be affected?
determinates of total supply for the economy will be traded-off
trade-offs and connections may differ in the short run and the long run
institutional and market structures will connect factors of production
the economy will face genuine limits to how much can be produced
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The Journal entries are as follows:
(a) the May 1 issuance,
Cash A/c Dr. 577,160
To Bonds - 7% $564,000
To Accrued interest $13,160
(To record the issuance)
Accrued Interest = $564,000 × 0.07 × (4/12)
= $13,160
(b) the July 1 interest payment,
Interest Payment A/c Dr. $19,740
To cash A/c $19,740
(To record the interest payment)
Interest payment = $564,000 × 0.07 × (6/12)
= $19,740
(c) the December 31 adjusting entry
Interest payable A/c Dr. $19,740
To Bonds - 7% $19,740
(To record the adjusting entry)
Answer:
Answer is option A, i.e. systematic sampling.
Explanation:
Systematic sampling is the type of probability sampling method of selection of samples out of the given group of homogenous nature. In this method, every Kth sample is selected until the required amount is obtained. Here, Chrysler selects every 16th van until he is successful in obtaining the 80 vans. Thus, Chrysler is using a systematic sampling method here.
