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balandron [24]
3 years ago
5

The economy is in long-run equilibrium: Select one:

Business
1 answer:
Ket [755]3 years ago
3 0

Answer:

A, when the AD and AS curves intersect at potential output,Y.

Explanation:

Aggregate demand curve is a graphical representation that shows the relationship between total goods and services and its price levels.

Aggregate supply curve is a graphical representation that shows the relationship between the total amount of good and services firms are willing to sell and at what price the want to sell.

For an economy to be in long-run equilibrium, an economy has to have both curves meet at a point Y which is the potential output of the economy. This means simply that demand and supply has to be balanced (in equilibrium).

I hope this helps.

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Explanation:

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Taggart Transcontinental currently has a bank loan outstanding that requires it to make three annual payments at the end of the
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ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made
k0ka [10]

Answer: Please Refer to Explanation

Explanation:

Please see complete question attached to this answer.

A.

As the company has not paid the salary but they recognize it is an expense, it should be credited to Salaries payable from the salary expense account.

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CR Salary Payable $18,500

( To record Salary Expense incurred but not paid)

B.

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C.

As the company has not paid the mortgage interest but they recognize it is an expense, it should be credited to mortgage payable from the mortgage account expense account

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3 0
3 years ago
In regard to firm growth, evidence shows that ________. service firms tend to generate sustained growth while manufacturing firm
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Answer:

At least during the last couple of decades, service firms tend to generate sustained growth while manufacturing firms do not.

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The last president that recorded a steady manufacturing growth rate was Bill Clinton.

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Is a business cycle a type of recession?<br> yes or no?
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