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Leokris [45]
3 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]3 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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A manager can faithfully execute the decision making process but still end up with nothing of value if _________________________
xenn [34]

A) he fails to identify the correct problem

B) he fails to assign number values to different criteria

C) he solves the problem inefficiently

D) he fails to correctly identify the steps of the process

<u>Answer</u>:

A. He fails to identify the correct problem.

<u>Explanation</u>:

for option b, Assigning number values to decision criteria could be of help in the decision-making process, but it is not what is required for a successful outcome.

for option c, Solving the problem inefficiently is not ideal, but even at that, it is not without value.

for option d, Identifying the steps of the process has nothing much to do with how successful the process will be.

<em><u>This leaves us with option A as the correct answer. it is of no good to solve a problem especially if the problem being solves is the wrong one. Solving a wrong problem is of no good to the organization.</u></em>

8 0
3 years ago
Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
Gre4nikov [31]
The income statement is prepared first. The income statement i<span>s a financial statement that reports the company's financial performance (profit and loss) over a specific accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as </span>profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.
7 0
3 years ago
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Answer

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2 years ago
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