Answer:
When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
Explanation:
According to the Keynesian perspective, firms produce output only if they expect it to sell.
While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.
Keynes termed a fall in the aggregate demand as a recessionary gap.
A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.
Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
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<h3>Helmert Federal is a savings and loan association
</h3>
Explanation:
A Savings and Loan Association (S&L), or thrift service, is a financial institution specialized in taking savings deposits and making mortgages and other loans. A savings and loan company (S&L) has today been one of the main sources of home buyers ' mortgage loans.
In the specified example, Helmert Federal acquires its funds mainly from its customers ' deposits, and then uses those funds to make individuals ' mortgage loans is a form of savings and loan association.
A capitalist system will depend on fair completion among
business with the following; driving lower quality, higher quality or other
choices in which will affect the system. With this, it is namely referred to as
the right to fair competition which is being done by people competing in
business.
Answer and Explanation:
The journal entries are shown below:
Cash A/c Dr $8,760
To Fees earned $4,370
To Accounts Receivable $4,370
(being wrong entry made now corrected)
Accounts Payable Dr $1,440
To Supplies Expense $1,440
Supplies a/c Dr 1760
To Cash 1760
(being wrong entry made now corrected)
