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guajiro [1.7K]
3 years ago
10

AS/AD model - If there is a decrease in Aggregate Income and Spending in this economy, then the equilibrium could shift from ___

_____________ and that would be a _____________..
Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer: The equilibrium will shift from right to left, and that would be a recessionary gap

Explanation:

Aggregate supply is the quantity of goods and services producers make available for sale and is equal to the money income received by the owner's of the factors of production. Aggregate demand is the total demand for final goods and services in the economy at a given period of time and at a given price level. It is the sum of money consumers planned to spent on the purchase of output in an economy at a given period of time.The equilibrium level of income is the income level at which aggregate supply equals aggregate demand. The Aggregate income on the other hand, is the total amount of income received by all factors of production in an economy at a given period.

If there is a decrease in aggregate income and spending in an economy, the equilibrium level of income shift from right to left and that would be a recessionary gap. The recessionary gap occurs when when the aggregate demand consisting of consumption, investment and government expenditure is not enough to create condition of full employment. It is the difference of the amount by which aggregate expenditure falls short of the level needed to generate equilibrium national income at full employment without inflation.

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Classify technical education with example?​
german

Answer:

A kind of education which equips with skills that involve the use of practical approaches and other physical instruments in executing projects. Technical education is learning something about a specific work scientifically in detail and practical.

A few common examples include schools and education programs that focus on science and engineering, information and technology, architecture and design, business and fipnance, health and social services, education and child development, hospitality and tourism, or the fine and performing arts.

7 0
3 years ago
On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account receivable.
earnstyle [38]

Answer:

The journal entry for the following economic activity is given below.

Explanation:

Interest revenue = 6000*12% * 91/360 = 182

Date                     Account Title                                           Dr             Cr

Oct 31                    Cash                                                      6,180

                                  Notes receivable                                             6,000

                                  Interest revenue                                                180

5 0
3 years ago
Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and
madreJ [45]

Explanation:

TBL theory posits that instead of one bottom line, there should be three: profit, people and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and it's impact on the environment over time.

Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

4 0
3 years ago
For any country, if the world price of zinc is higher than the domestic price of zinc without trade, that country should a.neith
zysi [14]

Answer:

c.export zinc, since that country has a comparative advantage in zinc.

Explanation:

In the case when the zinc world price is more than the domestic zinc price without trade so the country should export the zinc as the company would have the comparative advantage. Here high price menas the international demand is more than the domestic demand due to which the country could earn more profits

4 0
3 years ago
At the beginning of January of the current year, Sorrel Co.’s ledger reflected a normal balance of $70,000 for accounts receivab
igor_vitrenko [27]

Answer:

Balance  of  Accounts  Receivable  in  the  end  of  January  = Beginning balance  +  Revenue  from  earned  services  -  Collections during the period

= 70000 + 14300 - 18400

= $65900

At the end of January, the balance in the accounts receivable account should be $65900

5 0
4 years ago
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