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3 years ago

In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:

Business

1 answer:

REY [17]3 years ago

7 0

Answer:

B. changes production levels to meet the demand.

Explanation:

The Keynesian model is usually used as a theoretical approach to understand economics in the short run. For Keynes, in the short term, firms can not change their prices immediately because exist a menu cost: the cost of changing prices. Instead, firms change the unique variable that they can control: quantities.

In such way can meet the demand in the short run.

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When the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.

Maru [420]

Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.

<h3 /><h3>How much of a tax cut is needed?</h3>

This can be found by the formula:

= Required fiscal stimulus / Marginal propensity to consume

Solving gives:

= 300 / 0.75

= $400 billion

In conclusion $400 billion of tax cuts are needed.

Find out more on marginal propensity to consume at brainly.com/question/17930875.

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1 year ago

Brian Burkhardt is planning to purchase a home and expects to borrow $291,400 as a mortgage. He can get a 30-year mortgage at a

Vsevolod [243]

Brian Burkhardt's monthly payments for this mortgage would be equal to $1,423.92.

<h3>How to calculate monthly payment?</h3>

Mathematically, the monthly payment for a mortgage can be calculated by using this formula:

$M=P(\frac{r}{1-(1+r)^{-nt}} )$

<u>Where:</u>

P is the principal.

r is the interest rate.

M is the monthly payment.

t is the time in years.

n is the number of times it's compounded.

<u>Note:</u> r = 4.10 = 0.041/12 = 0.0034

Substituting the given parameters into the formula, we have;

$M=291400(\frac{0.0034}{1-(1+0.0034)^{-12\times 30}} )\\\\M=291400(\frac{0.0034}{1-0.3402} )\\\\M=291400(\frac{0.0034}{0.6598} )\\\\M=291400 \times 0.004887$

M = $1,423.92.

Read more on monthly payment here: brainly.com/question/2151013

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4 0

2 years ago

When nonmonetary assets are traded in an exchange that lacks commercial substance and no cash is received, any loss is recognize

Pavlova-9 [17]

Answer:

The correct answer is letter "A": True.

Explanation:

Nonmonetary assets are objects a firm possesses in which cash value is complicated to determine for accounting purposes. The value of those assets may vary with time in front of different economic scenarios. When these types of assets are sold in markets where there is few to no liquidity and the calculated amount for the object is not transferred, the loss is recognized as it happens.

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3 years ago

Zach wants to take his family on a cruise in 4 years and he estimates the cost of the cruise will be $16,500. How much money sho

Law Incorporation [45]

Answer:

$118.83 per month that Zach must save.

Explanation:

This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.

Fv is the future value for the annuity which is $16500

we also have i the interest rate which is 3.99% monthly

n is the number of periods in which the monthly amount is saved 4 x 12 =48

now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:

Fv =C [((1+i)^n -1)/ i] now we substitute

$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C

$16500/[(1+3.99%)^48 -1)/3.99%] = C

C = $118.83 that Zach must save per month for 4 years to afford the cruise.

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3 years ago

Jenna leigh is an information savvy, 20-something person who is trying to select between two marketing job offers. she can eithe

Veronika [31]

Hiii wanna be besties

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3 years ago