Answer:
Selling price would the store set for the item 500
Explanation:
SELLING PRICE= 100% 500
COST= 60% <u>300 </u>
MARKUP= <u>40%</u> 200
% Cost 60% 300 Cost
%Selling price 100% x
X=selling price
X=100%*300/60%
X=500
Increases in government spending are not very effective in offsetting real shocks because they shift the aggregate demand.
<h2>Definition of Aggregate Demand</h2>
Aggregate demand is the value of all requests for all types of goods and services produced in a certain period. The demand value contained in this aggregate will be expressed in terms of the overall value used for these goods and services up to a more specific price level and at a certain time period.
Some things that include aggregate demand are all consumer goods, capital goods used for the production process, import-export activities, and state government spending programs. Each of these variables will be considered the same as long as they are traded at the same market value.
This aggregate demand can also be calculated over a long period of time, which is often referred to as GDP or Gross Domestic demand. If this GDP will describe the total value and also the goods produced, then aggregate demand will represent the desire for goods and services.
Learn more about aggregate demand at brainly.com/question/29349235.
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Answer:
True
Explanation:
It wasn't until 1886 when Samuel Gompers organized the American Federation of Labor that a labor union actually focused on higher wages, shorter labor hours and better working conditions. The problem with the National Labor Union was that it supported almost utopian labor policies and political ideas, but it didn't focus on the actual working conditions of its members.