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Leokris [45]
4 years ago
7

Consider the three theories of the upward slope of the short-run aggregate-supply curve. a. According to the sticky-wage theory,

the economy is in a recession because the price level has declined so that labor demand is too . True or False: b. According to the sticky-price theory, the economy is in a recession because people expect prices to rise quickly in a recession. True False c. According to the misperceptions theory, the economy is in a recession when the price level is what was expected.
Business
1 answer:
klasskru [66]4 years ago
3 0

Answer:

Consider the following explanation

Explanation:

a. the economy is in a recession because the price level has declined so that real wages are too high, thus labour demand is too low. False.

b. According to the new Keynesian sticky-price theory, the economy is in a recession because not all prices fall enough. Over time, firms are able to adjust their prices more fully and the economy returns to the long-run aggregate-supply curve. True.

c.  According to the misperceptions theory, the economy is in a recession when the price level is below what was expected. True.

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Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,
ladessa [460]

Answer: A commercial bank.

Explanation:

These are banks whose function is to lend to both the population and the economy. The basis of this activity is short-term deposits from all sources. By granting loans, these banks increase their money supply. In some areas, these banks, in conjunction with the authorities, also provide lower interest rates to stimulate economic development.

6 0
4 years ago
Read 2 more answers
A borrower is unsure whether to go with a fixed rate or adjustable rate loan. what kind of questions would you ask to help them
katovenus [111]
I would ask them if they were comfortable with a fluctuating rate, which though at the moment is lower than the fixed rate, could go up in the future. I would also ask them if they needed to be sure of the rate say for example for a 5 year term like in a mortgage for peace of mind or if they are willing to take a risk with the fluctuations. If the latter, I would tell them that at any time they could lock it in for a 5 year term if they saw it going up. 
5 0
3 years ago
Help
lana66690 [7]
<h2>Law providing incomplete answer</h2>

Explanation:

1. Lack of competition : This is not the right answer because no business culture will be set up in such a manner to decrease the level of competition. Because employees needs to be competitive for bringing success to the organization.

2. Law providing incomplete answers : This is the right answer.

3. Stagnant or decreasing profit: Business always focuses on profit. So this

4. Lack of strong leadership : Any business culture will only uplift the leadership to both promote individual and the organization.option stands invalid.

4 0
4 years ago
Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard
natita [175]

Answer:

Variable overhead efficiency variance $1,680  Favorable

Explanation:

<em>Variable overhead efficiency variance:  Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance

                                                                                                      Hours

5000 units should have taken (5000×0.5 hours)                    2,500

but did take                                                                                 <u>2,080</u>  

Labour hours variance                                                                 420  favorable

Standard variable overhead rate                                             <u>×$ 4.00</u> per hour

Variable overhead efficiency variance                                   <u>$1,680  Favorable</u>

                 

                                                             

3 0
3 years ago
The International Nickel Company of Canada is often cited as an example of monopoly. What was the source of the barrier to entry
gogolik [260]

Answer:

A. control of a key resource

Explanation:

The International Nickel Company of Canada was founded in the early 1900´s and it was the result of the merge of three companies, the Carnegie Steel Company, Canadian Copper Company and Orford Copper Company, this is very important because this three companies were merged into a single one that controlled the whole production of Nickel, so they basically created a monopoly by merging with eachother.

6 0
3 years ago
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