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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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Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
DanielleElmas [232]

Answer:

c.Scotty did not itemize deductions in 2018

Explanation:

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3 0
3 years ago
Brown Street Grocers has a cost of equity of 11.8 percent, a pre-tax cost of debt of 6.9 percent, and a tax rate of 35 percent.
Nastasia [14]

Answer:

The correct answer to the following question is option E) 9.06% .

Explanation:

Here the cost of equity given is  - 11.8%

Pre tax cost of debt- 6.9%

Tax rate- 35%

So the after tax cost of debt - 6.9% x 65%

= 4.485%

The debt to equity ratio - .6

So the weight of debt - .6 / ( 1 + .06 )

= .375

Weight of equity - 1 / ( 1 + .06 )

= .625

Weighted average cost of capital =

Debts cost x weight of debt + Equity cost x weight of equity

= 4.485 x .375 + 11.8 x .625

= 1.681875 + 7.735

= 9.06%

7 0
3 years ago
Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit
Sloan [31]

Answer:

The price elasticity of supply is 1.22

Explanation:

Please refer to the attached file

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3 years ago
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