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4 years ago

Microeconomic equalibrium happens when the aggregate supply and aggregate demand curves intersect.

Business

2 answers:

Olin [163]4 years ago

8 0

It is true that microeconomic equalibrium happens when the aggregate supply and aggregate demand curves intersect.

Answer: Option

<u>Explanation:</u>

The aggregate demand curve shows the total quantity of all goods and services demanded by the economy at the different price level of all final goods and services. The aggregate supply curve shows the quantity of real GDP it's supplied by the economy at the different price levels.

When the intersection of aggregate demand and supply curves determines means it's micro economic equilibrium level of real GDP and the price level in the economy.

STatiana [176]4 years ago

5 0

Answer:

False

Explanation:

Macroeconomic equilibrium (not microeconomic equilibrium) is when the aggregate supply and aggregate demand curves intersect

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Which one of the following statements concerning stock exchanges is correct? Multiple Choice

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Explanation:

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3 years ago

Households play a role in the circular flow of goods

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3 years ago

On January 1, 2018, Red Flash Photography had the following balances: Cash, $21,000; Supplies, $8,900; Land, $69,000; Deferred R

Nutka1998 [239]

Answer:

See explanation

Explanation:

Red Flash Photography

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4 years ago

Fisher's Furniture Store sells $1,230,000 worth of furniture to customers on credit each month. The Accounts Receivable balanc

grandymaker [24]

Answer:

On average, it takes customers 47 days to pay their bills.

Explanation:

Please find the below for detailed explanation and calculations:

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Fisher's Furniture Store's account receivables turnover ratio = Annual Credit Sales / Average account Receivables = $14,760,000 / $1,900,000 = 7.77 times;

The average time it takes customers to pay ( in days) = Receivable turnover in days = 365 / The account receivables turnover ratio = 365/ 7.77 = 47 days

Thus, the answer is 47 days.

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3 years ago

Which of the following is the basic economic policy function of the Federal Reserve Banks? A. holding the deposits or reserves o

Stolb23 [73]

Answer:

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I hope this helps.

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3 years ago