The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange
Answer:
Output will be lower
Explanation:
Supply shock is an economic event that occurs because of sudden changes in the supply of goods and services within an economy.
A negative supply shock will shift the SRAS to the left and it will increase the price of the good and decrease the quantity, the new equilibrium will be at lower output and higher inflation.
When the economy suffers a permanent negative supply shock, the supply may keep on increasing or decreasing rapidly.
If the central bank does not respond by changing the autonomous component of monetary policy, then the output will be lower.
This is because permanent supply shock will lead to higher prices which disrupts the production and hence the output falls.
Answer:
B. White House
Explanation:
A portrait of the White house is the main feature visible at the reverse of a $20 bill. The bill has security features, but the White house Image is dominant. At the front, a portrait of the 7th US president Andrew Jackson is visible
Answer:
B. Executive Order 10427 authority emphasizes that Federal disaster assistance is intended to supplement, not supplant, the resources of State, local, and private-sector organizations
Explanation:
An executive order is a directive issued by the President of a sovereign state that has the full backing of the law. It is always directed to the executive arm of the government. An executive order has a legal and constitutional basis and therefor enforceable. There are many executive orders that have been signed by the United States for various reasons depending on the purpose and the president who signed the order into effect. An example of such order is the Executive Order 10427.
The Executive Order 10427 was signed into effect on the 16th of January 1953 by then President Harry. S. Truman. The order is titled, 'Administration of Disaster Relief.' The report in general gave the authority to the federal agencies to offer disaster assistance to those affected by natural disasters. In section six of the Executive order, it elaborates the nature of administration of the Executive order. The section quotes,"Federal disaster relief provided under the act shall be deemed to be supplementary to relief afforded by State,
local, or private agencies and not in substitution therefor."