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USPshnik [31]
3 years ago
7

"Keynes believed that" a.Say's law would hold in a laissez-faire economy. b. the economy would always be near or on its producti

on possibilities frontier. c. wages and prices are often inflexible in the downward direction. d. the equilibrium level of output will always be at the full-employment level of output.
Business
1 answer:
sashaice [31]3 years ago
3 0

Answer:

c. wages and prices are often inflexible in the downward direction

Explanation:

While the prices of the products can decrease in a recession when there is a decrease in demand there is an excess in the supply, therefore, the price decreases but, in real life that doesn't occur people prefer not to work rather than going to work for a lesser amount most of the times. The same goes for some prices under which the producer or manufacture firm does not reduce the price.

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A United States-based faculty member goes on sabbatical and works in Finland for a government-run university teaching classes fo
vodomira [7]

Answer:

A $38,000- Germany:  B $50,000- Finland: C $0 , America

Explanation:

GDP represents the total value of all the goods and services produced within the country. The expenditure method is one of the methods that economist use in calculating the value of GDP.  Expenditure refers to spending. In measuring the GDP, the expenditure method takes account of expenditure on all the output of a country. Economists add up the values of finals goods and services produced within the borders of a country and multiply them by their prices. The result is the nominal GDP.

The formula for calculating GDP is as follows

GDP equals consumer spending on goods and services plus investor spending on business capital goods plus government spending on public goods and services plus net exports​

In Germany, GDP will increase by $38,000. It is the value of the car produced in Germany. In the formula, it is part of the net exports for the country.

In Finland, the GDP will increase by $50,000. It is the value of services offered by the American while working in Finland. In Calculating GDP, all output within the country is considered regardless of the person who produced it.

In the USA, the GDP will increase by 0$. The car was bought in the US, but it was an import. The expenditure formula does not consider imports. The amount of $50,000 was not earned within the borders of the US.

8 0
3 years ago
1. Does the selected business have differentiated products or services? If so, what is the basis for this differentiation from t
Brut [27]

Answer: You can know if you have differentiated products if we have a quality that stands out from the other competitors.

For example: Our service time is less than the competition and we also give gifts to our buyers, things that the competition does not do.

The basis for differentiation is to look for that quality that the competition does not have and that adds value to what we are doing.

8 0
3 years ago
6. Respond to the following prompts about the goals and effects of government spending on the
zysi [14]

Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.

What is government?

The term "Government" is legal authority or system which is controlled by office, public sector, country and state.

The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.

Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.

As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.

Learn more about on government, here:

brainly.com/question/10785628

#SPJ1

6 0
1 year ago
According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de
iren2701 [21]

Answer:

rises; demanded falls

Explanation:

The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.

The aggregate demand curve is negatively sloped.

Please check the attached image for a graph of the aggregate demand curve.

I hope my answer helps you

3 0
3 years ago
Jubilee's Bakery is budgeting cash for 2017. The cash balance at December 31, 2016, was $6,000. Jubilee's Bakery budgets 2017 ca
marusya05 [52]

Answer: B. There is $19,000 available for additional investments.

Explanation:

Cash Receipts both Estimated and available

= Beginning balance + budget receipts

= 6,000 + 81,000

= $87,000

Cash payments

= 44,000 + 34,000 + 15,000

= $93,000

Additional financing required = Cash receipts - Cash payment - minimum cash balance

= 87,000 - 93,000 - 13,000

= -$19,000

4 0
3 years ago
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