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ad-work [718]
3 years ago
15

The wealth effect refers to the fact that

Business
1 answer:
Stella [2.4K]3 years ago
3 0

The wealth effect refers to the fact that when the price falls, the real value of household wealth rises and consumption will also rise. The wealth effect causes movement along the demand and supply curve due to the value of money and items changing. The wealth effect is used to determine people spending more money when the value of their assets rise.

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By the time you turn 30 years old, what insurance do you expect to have?
WINSTONCH [101]

honestly you would need all of them because they are very important to have as you get older

5 0
3 years ago
Read 2 more answers
The office supplies account had a $240 debit balance on december 31, 2016. during 2017, $5,200 of office supplies are purchased.
Trava [24]
If you are looking for the adjusting entry at the end of the year, it would be:

 Office Supplies Expense 5000                Office Supplies 5000

The amount to be recorded is 5000 because:

Beginning supplies is $240

Then there is an additional supplies $5,200

So there is a total of 5,440 supplies.

But the ending inventory is $440.

Deduct the $440 from the $5440 which will give us $5,000. This is to make sure that the amount in the journal entry at the end of the year will be same with the physical count of the supplies.
4 0
3 years ago
In a large corporation, shareholders responsibilities include ________.
tankabanditka [31]
~Hello There!~

I'd say it is Electing a board of directors.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤
5 0
3 years ago
A business cycle reflects changes in economic activity, particularly real gdp. the stages of a business cycle are?
Lostsunrise [7]

The business cycle goes through four major phases: expansion, peak, contraction, and trough.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900
#SPJ4

8 0
2 years ago
Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as:
lord [1]
Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as <span>discouraged workers.
Correct answer: D
</span>These type of workers have not found no suitable employment options in the past  so they believe that <span>there aren't any jobs for them and they are</span> discouraged to search for a job.
8 0
3 years ago
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