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anygoal [31]
3 years ago
11

The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________

________.
Business
1 answer:
boyakko [2]3 years ago
4 0

Answer:

1.  economic growth;

2.  the size of the economy

Explanation:

According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.

Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.

Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY

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What do stocks and bonds do?
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Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided
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Answer:

B) cost of merchandise sold divided by average inventory.

Explanation:

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3 years ago
A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff
jekas [21]

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

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7 0
3 years ago
A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. Y
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Answer:

$ 74.23

Explanation:

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mean, μ = $ 104.50

standard deviation, σ = $ 23.62

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hence P(Z < z) = 0.10

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= 74.23

The most for the stock is $ 74.23

6 0
3 years ago
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