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earnstyle [38]
3 years ago
13

Starting from a long run steady state equilibrium, a variety of expansionary fiscal and monetary policies were undertaken. The p

roduction exceeds potential GDP in short run. The resulting:
A. hyper-intense production will be unsustainable in the long run.
B. higher wages will encourage workers to produce more at high prices.
C. lower prices will lead to a lower quantity of demand.
D. downward slope in aggregate supply curve will be short run.​
Business
1 answer:
Bond [772]3 years ago
4 0

Answer:

A

Explanation:

Here, we want to know what happens in the long run if the production exceeds potential GDP in short run.

An expansionary gap cannot persist for a long time, as the economic activity exceeds sustainable levels. In the long run, the output level comes back to potential, though price levels may rise.

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private markets fail to provide the optimal amount of some good such as public firework displays because
LiRa [457]

Answer: Because private companies will have difficulty getting anybody to pay for them.

Explanation:

Private markets fail to provide the optimal amount of some good such as public firework displays because private companies will have difficulty getting anybody to pay for them.

The main motive behind private markets are simply for making of profit but for public, the main motive is for the government to satisfy the needs to the people. Hence, with regards to the question, the answer will be that there'll be difficulties encountered in getting people to pay for the goods.

8 0
3 years ago
I will mark you as brainliest !!
jonny [76]

Answer:

400,000

Explanation:

7% of what number = 28,000

(0.07)(X) = 28,000

X = 400,000

(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)

4 0
2 years ago
Read 2 more answers
When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.
Olenka [21]

Answer: True

According to the law of demand, the demand for a good increases when its price falls. Thus, when a fruit or vegetable is in season, it is relatively less expensive than in off seasons. Thus, consumers buy more of these seasonal fruits in season. Thus, demand for the good increases when it becomes cheaper.

Thus, the statement is true.


5 0
3 years ago
Please help!
dimaraw [331]
B. a value inventory
3 0
3 years ago
A company buys equipment for $48,000, expects to use it for ten years, and then sell it for $6,000. using the straight-line meth
Vesnalui [34]

Using the straight-line method, the company should report annual depreciation for the equipment of $4,200.

Given,

A company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

The formula to calculate annual depreciation is given below-

Annual depreciation = (Original cost - salvage value) / Estimated life(years)

Annual depreciation = ($48,000 - $6,000) / 10

Thus, annual depreciation = $4,200

A standard yearly rate at which depreciation is charged to a fixed asset is called annual depreciation. Thus, to calculated depreciation the straight-line method is used. Where you need to subtract the asset's salvage value from its cost.

To learn more about annual depreciation here:

brainly.com/question/27971176

#SPJ4

3 0
2 years ago
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