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earnstyle [38]
2 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]2 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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2 years ago
Agent Armstrong is employed by XYZ Agency, which is under contract with ABC Health Plan, a Medicare Advantage (MA) plan that off
MA_775_DIABLO [31]

Answer:

Agent Armstrong needs to be licensed and appointed in every state in which beneficiaries to whom he markets ABC MA plans are located.

Explanation:

In the given scenario XYZ Agency maintains a website marketing the MA plans with which it has contracts. So they are not in one location.

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3 years ago
Assume that you are the project manager for the construction of a 15-mile road. Further, assume that the work is uniformly distr
AfilCa [17]

Answer:

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Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a  a 15-mile road, the earned value of the project at the end of the first three weeks

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3 0
3 years ago
The basic principles of economics suggest that
spin [16.1K]

The answer is: C. government should become involved in markets when those markets fail to produce efficient or fair outcomes.

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Because of this, government need to step in and make regulations to watch over the companies. (such as determining which materials would be safe as ingredients or creating legislation that regulate the minimum wages in the state)

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3 years ago
Select the budget that would most quickly achieve the financial goal of saving $6000 for college tuition. Monthly Budget Budget
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Answer:

it's A.

Explanation:

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7 0
3 years ago
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