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beks73 [17]
3 years ago
12

Describe the short run effects of each of the following socks on the aggregate price level and aggregate output. a. The governme

nt sharply increases the minimum wage. b. Solar energy firms launch a major program of investment spending. c. Severe weather destroys crops around the world.
Business
1 answer:
zhannawk [14.2K]3 years ago
8 0

Answer:

The answer is

A: Aggregate price level increases and aggregate output decreases

B. Both aggregate price level aggregate output increases

C. Aggregate price level increases and aggregate output decreases

Explanation:

A. This government action will increase the aggregate price level increases due to inflation. Aggregate output will decrease due to the increase in cost of product (high wage to labor)

B. Because of the increased spending Investment in solar program, both aggregate output and aggregate price level increase.

C. Due to the severe weather destroyed crops, aggregate price level increases and aggregate output decreases. This happened because there will be decrease in supply of crops.

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Answer:

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3 years ago
A(n) ____ is a set of guidelines for helping a firm make ethical decisions:
vazorg [7]
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3 years ago
Robin Company has $100,000 of income before payment of $100,000 of reasonable salaries to its owners employees (who are in the 3
miv72 [106K]

Answer:

d. a., b, and c. all result in the same amount of tax.

Explanation:

The question is to determine the form of business

First we need to understand some terms

A C Corporation refers to a standard corporation as far as the IRS is concerned while the S Coproration is a corporation with a special tax status giving it some tax privileges with the IRS. We however, group organisations as either C or S based on the taxation code with the Internal Revenue Service

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