Answer:
expansionary fiscal policy.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
Hence, if during a severe recession, Congress passes legislation to cut taxes, this would be an example of an expansionary fiscal policy.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
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Answer:
This is an example of <u>"arbitration".</u>
Explanation:
When someone resolve the disputes outside the court, and that person is the third party who is solving the dispute of two parties, this process is known as arbitration. As in the given scenario Dr, hamrick is hired to resolve the disputes of the employees of the company, so this is the example of the process of arbitration.
Answer:
1.90
Explanation:
Calculation for how many cells that the company require to satisfy predicted demand
Using this formula
Numbers of cell=Projected annual demand/Annual capacity per cell
Based on the information given we were told that Annual demand is 50,000 units in which it is forecasted that within 2 years it will tripple which means that Annual demand will be calculated as:
Projected annual demand = 50,000*2 years
Projected annual demand=100,000
Let plug in the formula
Numbers of cell=100,000÷(220 units/day × 238 days/year)
Numbers of cell=100,000÷52,360
Numbers of cell=1.90
Therefore the amount of cells that the company require to satisfy predicted demand will be 1.90
Answer:
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