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Alexxx [7]
4 years ago
12

When an economy operates at its long-run potential output level,?

Business
1 answer:
zaharov [31]4 years ago
8 0
The economy is in equilibrium, and the natural and real or actual rates of unemployment will be equal. 

In order for an economy to operate at its long-run potential output level, it must be equilibrium, and the economy is balanced in its production. Unemployment is one measure of an economy's equilibrium with the natural and actual rates as two benchmarks rates that must be calibrated towards equilibrium. 
You might be interested in
You are assigned to resolve a conflict between two departments of an organization. Both parties have equal power. Both parties a
Trava [24]

Answer:

The answer is d. Compromising

Explanation:

Compromising conflict style attempts to balance the needs of both or all sides in a conflict by encouraging everyone to give in on at least some points.

5 0
3 years ago
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
stellarik [79]

Answer:

9.2%

Explanation:

expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

  • 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
  • 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
  • 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
  • total expected return = 9.2%
6 0
3 years ago
Suppose that businesses buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) fr
Bingel [31]
To consider this question, we must consider the relationship between the resources and their costs.
Labor: The price that companies pay for labor is the wage. The businesses paid $68 billion for labor
Land: The price of land that business pay is rent (assuming they do not own the land). The business paid $14 billion for land. 
Capital: The cost of using capital is the interest paid on that capital. The businesses paid $24 billion for using capital. 

This leaves entrepreneurial ability. It is more difficult to discern the payment for this resource, as it is less tangible and thus has a less direct cost. From the payment for other resources and the total payment to households, we can infer the payment for entrepreneurial ability:
120 - 68 - 14 - 24 = $14 Billion
7 0
4 years ago
Let’s suppose you (USA dealer) imported one Earth Equipment machine from German dealer on March 1, 2017 at € 300,000 each, payab
Pachacha [2.7K]

Answer:

Loss of $7,000

Explanation:

Cost Price of the Machine

In Germany=€300,000

Exchange Rate on March 1, 2017 was 1.16 US$/€

Cost Price in USA=300,000 X 1.16

=$348000

Selling Price of the Machine

= US$350,000

Amount Paid to the dealer on April 1, 2017 at an Exchange Rate of 1.19 US$/€.

=€300,000X 1.19

=$357,000

Since the Cost Price is greater than the Selling Price,

Loss= C.P - S.P.

Loss =357,000-350000 =$7000.

The dealer made a loss of $7,000.

3 0
4 years ago
Classifying a cost as either direct or indirect depends upon​ ________. A. whether a cost is fixed or variable B. whether the co
Yakvenalex [24]

Answer:

Classifying a cost as either direct or indirect depends upon B: whether the cost can be easily traced with the cost object

Explanation:

The classification of a cost as direct or indirect depends on the connection to the cost object. If the cost can be linked undeviatingly to the cost object, it is direct. On the contrary, if it can't be traced to the cost object it is indirect.

A. whether a cost is fixed or variable. Incorrect. A direct cost can be fixed or variable.

B. whether the cost can be easily traced with the cost object. Correct.

C. the behavior of the cost in response to volume changes. Incorrect. This is a variable cost (or fixed that changes in relevant range)

D. whether the cost is expensed in the period in which it is incurred. Incorrect.

6 0
4 years ago
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