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3 years ago

Complete the following passage concerning macro economics.

Business

1 answer:

e-lub [12.9K]3 years ago

8 0

Answer:1.business cycles 2. an economy's growth rate 3. less 4. aggregate demand-aggregate supply model

Explanation:

One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on___business cycles_______which are fluctuations in__an economy's growth rate______typically over time periods of five years_ less___ .One model that macro economists use to study these fluctuations, which are called recessions and expansions, is the aggregate demand-aggregate supply__model.

Macroeconomics is defined as that branch of economics which studies the behavior, performance and changes of economic situations as a whole considering the factors of general price level, technology, output, consumption, aggregate demand and supply, unemployment, inflation, recession, savings, investment etc and how these affects national income and best decisions that can improve the national economic growth

The goal of macro economists is to solve problems on the business cycle ( factors the cause short term fluctuations and their effects in national income) and ways to improve long-run economic growth.

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Assume that eggs and cereals are substitute products for breakfast. If a disease kills a large number of chickens, what will hap

larisa [96]

Answer:

The correct answer is letter "D": the quantity demanded of cereal will increase.

Explanation:

According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).

In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, the quantity demanded for cereal will increase moving the demand curve to the right.

6 0

3 years ago

Fleming corp. provided services on account. the transaction would be recorded with a credit to:

Advocard [28]

Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well. Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.

7 0

2 years ago

On January 1, 2005 Franz Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,

allochka39001 [22]

Answer: The amount of depreciation expense recognized in 2006, using the double declining balance method is $5,280.

And the journal entries required are:

Debit Depreciation expense $5,280

Credit Accumulated depreciation $5,280

Explanation: The double-declining method is otherwise known as reducing balance method. It is usually derived by using the formula below:

Double-declining depreciation = 2 X SLDP X BV

Where SLDP = straight-line depreciation percentage

BV = Book value of the asset (Cost minus depreciation)

So using the straight-line depreciation method, we need to remove the salvage value from the cost and then divided by 5 years. That is, ($22,000 - $4,000) / 5 years = $3,060 yearly depreciation expense.

However, under the double-declining method, we need to divide the 100% by the useful life of the asset first to get the SLDP then multiply by 2, that is, 100%/5 years = 20% x 2 = 40%.

So 40% x $22,000 in year 1 (December 31, 2005) is $8,800

In year 2 (December 31, 2006), 40% x $13,200 ($22,000 - $8,800) = $5,280 and so on. The depreciation expense would stop immediately it falls below the salvage value of $4,000.

So the book value of the asset at the end of year 2 is $7,920 ($13,200 - $4,000 accumulated depreciation).

5 0

3 years ago

Read 2 more answers

Recommend ways in which business can contribute time and effort to advance the well being of others in business context in the f

Alina [70]

1. Employ a business that caters the needs of people such as owning a gymnasium. That way it improves the quality of life of a person.

2. Basing on the example above, it does not engage into any harmful practice.

3. Your decision will depend on increasing the fee of gym users or improving the interior design of your gym

4. It provides support to the employee because they can interact with the gym users and can use the gym too

7 0

3 years ago

Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $0.306

Artemon [7]

Answer: $1639.3

Explanation:

From the question, we are informed that Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR) and that bank B quotes a bid rate of $0.306 and an ask rate of $0.310 for the ringgit.

The profit for an investor that has $500,000 available to conduct locational arbitrage goes thus:

Purchasing Malaysian ringgit (MYR) from bank A at the ask rate will be:

= $500,000/$0.305

= 1,639,344.3

Selling the Malaysian ringgit (MYR) at bank B based on the ask rate will be:

= 1,639,344.3 × 0.306

= $501,639.3

The profit for an investor that has $500,000 available to conduct locational arbitrage will be:

= $501,639.3 - $500,000

= $1639.3

5 0

3 years ago