Answer:
The correct answer is D. perfectly elastic labor supply curve and a downsloping labor demand curve.
Explanation:
The basis of the model is the assumption that no player in the market is large or strong enough to be able to control the industry. There are many buyers and sellers, and each one is small. Companies can sell any amount of production at market prices. Companies in this form of market face a horizontal demand curve, and all companies produce a homogeneous product.
A large number of small sellers and buyers exist in this type of market. No entity is so powerful that it can change the face or direction of the industry. No company can produce any control over the price or quantity of the product. Although each company increase or decrease prices and production, the industry as a whole remains unchanged.
Your answer is LLC so it would be B. IM writing this long because i have to
Answer:
d.$5,000
Explanation:
In order to find the maximum amount of possible expansion in the money supply we will have to find the money multiplier. The formula for the money multiplier is
1/reserve ration =1/0.2=5
Now that we know that the multiplier is 5 we will multiply is by 1000 which is the initial deposit, to get the total possible expansion in the money supply, 1000*5= 5000
The primary measure of the economy's performance is its annual total output of goods and services, which is called gross domestic product or GDP.
Gross Domestic Product (GDP) is the total value or market value of all goods and services produced domestically within a given period of time. It serves as a comprehensive scorecard for the economic health of a particular country as a broad measure of gross domestic product.
Gross Domestic Product (GDP) is the value of domestically produced goods and services. Gross National Product (GNP), on the other hand, is the value of all finished goods and services owned by the citizens of a country, whether or not they are manufactured in that country.
Learn more about GDP here: brainly.com/question/1383956
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