Answer: Option (c) is correct.
Explanation:
Correct Option: Decrease the money supply, which will move output back towards its long-run level.
If the economy is in long run equilibrium and there is a rightward shift in the aggregate demand curve then as a result output and price level rises in an economy.
Here, the central must follow the contractionary monetary policy to stabilize the economy.
So, the central bank must decrease the money supply to move the output and price level back to its initial position.
The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.
Hello there,
A typical cost of a retirement would be the following:
Perhaps the "Car of the year".
Smaller House/Smaller apartment.
Hope this helps.
~Jurgen
<span>A. The relative price of goods and services. The law of demand and
supply explains the interaction between the supply and demand of a resource. The
law of demand states that if all things are equal, the higher the price the
lesser (quantity) the demand for the goods/services. While the
law of supply states that if all things are equal, the higher the price, the
higher the (quantity) supply of goods/services. </span>
Answer:
(C) Debit Cash, credit Unearned Revenue.
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,000,000
To Unearned revenue A/c $2,000,000
(Being the receipt of cash is recorded)
Since the cash is received so we debited the cash account as it increases the current assets and credited the unearned revenue account as it is a current liability account so the same is to be credited
