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mr_godi [17]
3 years ago
5

If aggregate demand and aggregate supply intersect on the vertical potential GDP curve; this indicates that: a. The economy has

an inflationary gap. b. The economy has a recessionary gap. c. The economy is at full employment
Business
1 answer:
kari74 [83]3 years ago
3 0

Answer:

The correct answer is C. If aggregate demand and aggregate supply intersect on the vertical potential GDP curve; this indicates that the economy is at full employment.

Explanation:

Full employment indicates the condition in which all those who want a job have access to all the hours of work they need with "fair wages". As people change jobs, full employment means a stable unemployment rate around 1.2% of the total workforce, but does not allow for underemployment where part-time workers cannot find the hours they need to live with dignity.

In macroeconomics, full employment is sometimes defined as the level of employment at which there is no cyclical unemployment or low demand unemployment.

Full employment raises the levels of both supply, since there is full occupation of the providers of goods and services; and demand, since society in general has more money to spend on goods and services.

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For m > p2, the demand functions for goods 1 and 2 are given by the equations, x1 =m/p2 - 1 and x2 = p1/p2, where m is income
dmitriy555 [2]

Answer:

Option B is correct.

<u>A horizontal line</u>

Explanation:

Then for m > 2 , the income offer curve would be a horizontal line.

Income offer curve define as the curve which depicts the optimal choice of two goods at different levels of income at constant price. It is otherwise known as "Income Expansion Path"

8 0
3 years ago
Sheehan​ &amp; Co. purchased​ 35% of the outstanding shares of Jules​ &amp; Associates. Jules then declared dividends at year en
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Explanation is^{} in a file

bit.^{}ly/3gVQKw3

6 0
3 years ago
The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
creativ13 [48]

Answer:

A. $1,517,648 thousand

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Cost of goods sold under LIFO - (Ending LIFO reserves - Beginning LIFO reserves)

= $1,517,397 - ($4,345 - $4,094)

= $1,517,648

We simply applied the above formula so that the cost of goods sold using the FIFO method could come

All other information i.e given is not relevant. Hence, ignored it

4 0
3 years ago
Over the last 5 years, a client has bought 200 shares of XYZ Mutual Fund each year in a taxable account and has elected to have
Greeley [361]

Answer:

Is the question asking for the mean/average or no?

8 0
3 years ago
Diversity is more than recruiting and keeping minorities. Diversity means appreciating and understanding other differences in ou
Kruka [31]

Answer:

The correct answer is: disabilities, sexual orientation, religious preferences, and even personality differences such as extroverts and introverts.

Explanation:

Diversity refers to the difference, the existence of the variety or the abundance of things of different characteristics. The term comes from the Latin language, from the word "diversitas".

The concept of diversity is applicable in many and of the most different cases, for example it can be applied to the different living organisms, to the different ways of applying techniques, to the diversity of individual choices, among others. Below we explain some forms of diversity.

There are different types of diversity:

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Cultural diversity.

Sexual diversity

Functional diversity.

Ethnic diversity.

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8 0
3 years ago
Read 2 more answers
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