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lakkis [162]
3 years ago
12

If the economy is experiencing less than full-employment, what does it imply?

Business
2 answers:
spayn [35]3 years ago
5 0

Answer:

Experiencing less than full employment means not all able bodies searching for jobs have all been employed

Explanation:

This implies that the economy has a percentage of its workforce unemployed.

Unemployment can result from the following:

Structural or technological unemployment is when people are unemployed because they do not have the necessary skills with which they can secure paid jobs.

Cyclical unemployment is caused a deficient demand in the economy stemming from a low aggregate demand, where government can increase its spending so as to boost the level of production in the economy and also boost aggregate demand in return.

Frictional unemployment is caused lack of precise job market information.

Real wage rate unemployment applies to industries that are heavily unionized , where unemployment is caused unions setting minimum wage above what employers can afford.

a_sh-v [17]3 years ago
4 0

Answer:

It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP

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On January​ 1, 2017, the Accounts Receivable of Martha Company had a debit balance of​ $190,000. During​ January, the company pr
kupik [55]

Answer:

End of January​, 2017    

Dr Accounts Receivable  $350,000  

Explanation:

  • On January​ 1, 2017  

Dr Accounts Receivable $190,000  

  • During​ January  

Dr Accounts Receivable $400,000  

Cr Sales                           $400,000  

  • During​ January  

Dr Cash                            $240,000  

Cr Accounts Receivable $240,000  

  • End of January​, 2017  

Dr Accounts Receivable    $350,000  

3 0
3 years ago
In a market, buyers want to pay the _____ possible price and sellers want to charge the _____ possible price.
nikklg [1K]

Answer:

Lower; Higher

Explanation:

Lower; Higher

A consumer always wants to pay a lower price for the commodity in order to increase the consumer surplus. While the producer can increase their profit by charging higher prices. Therefore, the producer will try to charge a higher possible price.

8 0
3 years ago
Identify the item below that would cause the trial balance to not balance.i. A $1,000 collection of an account receivable was er
VARVARA [1.3K]

Answer:

The item that would cause the trial balance to not balance is:

v. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.

Explanation:

The correct record should have been to credit the $750 in the Cash account.  By this double debit entries for a transaction without a corresponding credit entry, the trial balance cannot balance as the debit side will be greater by $1,500 ($750 * 2) than the credit side.  To correct the error, the Cash account will be credited with $1,500.  One of the $750 cancels the earlier error while the second $750 puts the records straight.

6 0
3 years ago
Thos question comes from Gregory Mankiw Principles of Microeconomics fourth edition. I am not sure how to do this problem. Can y
NeTakaya
Your answer would be C.
3 0
3 years ago
Use the following information for Shafer Company to compute inventory turnover for year 2.
julsineya [31]

Answer:

4.90

Explanation:

Given:                           Year 2                   year 1

net sales:                     $652,000            $583,800

Cost of goods sold:     $389,400            $360,930

Ending inventory          $78,600              $80,280

We know, Inventory turnover= \frac{Cost\ of\ goods\ sold}{Average\ Inventory}

First, lets find out the Average inventory.

Average inventory= \frac{78600+80280}{2}

∴ Average inventory= \frac{158880}{2} = 79440

Hence, Average inventory= is 79440.

Now, finding the inventory turnover for year 2.

Inventory turnover= \frac{389400}{79440}

∴ Inventory turnover= 4.90

Hence, Inventory turnover for year 2 is 4.90

4 0
3 years ago
Read 2 more answers
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