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disa [49]
3 years ago
14

The short-run effects of an increase in the expected price level include a. a lower level of output and a lower price level. b.

a lower level of output and a higher price level. c. a higher level of output and a lower price level. d. a higher level of output and a higher price level.
Business
1 answer:
maria [59]3 years ago
3 0

Answer: Option (b) is correct.

Explanation:

Correct option: A lower level of output and a higher price level.

If there is an increase in the expected price level, as a result short run aggregate supply curve shifts leftward. Therefore, this shift in aggregate supply curve will increase the price level and reduces the level of output in an economy. The long run supply curve will be unaffected by any change in the expected price level.

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What are the roles of resource owners in the economy
olga55 [171]

Answer:

The resource owners acts as the suppliers of factors of production like land, labor, capital or entrepreneurship to the businesses which pay these resource owners with either wages, rent, interest or profit.

5 0
3 years ago
If the fed wanted to shift to a restrictive monetary policy and reduce the money supply, it could what?
forsale [732]

Answer: The fed can reduce they money supply by increasing the discount rate.

Explanation: If the Federal Reserve wants to shift to a more restrictive monetary policy and reduce the money supply they can increase the discount rate. The discount rate is the rate that the fed charges commercial banks to borrow money when they need to add to their reserves. If the fed charge a higher rate, then the commercial bank will in turn charge a higher rate. This higher rate will lead to less money being borrowed, which is reducing the money supply.

8 0
3 years ago
If a nation is going to achieve and sustain a high rate of economic growth, it must
Marina86 [1]

Answer:

I think the answer is 3.

Explanation:

For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.

5 0
4 years ago
Lenox China Co. would like to get its annual Christmas ornament series into Macy's department stores. Macy's has a buying office
dezoksy [38]

Answer: Option (B)

Explanation:

Here, in this particular case we can state that Lenox would use <em>personal selling </em>as the promotional element in order to reach their Macy's buyer. Personal selling is referred to as use of individuals by businesses in order to sell their commodity after meeting their respective clients face-to-face. The sellers mostly tend to advance the commodity through their belief, conviction appearance and the knowledge regarding the commodity.

5 0
3 years ago
Shrink-Wrap Agreements. TracFone Wireless, Inc., sells phones and wireless service. The phones are sold for less than their cost
Alekssandra [29.7K]

Answer: Yes they are

Explanation:

This is a Shrink-Wrap Agreement which means that in order to use a product, one has to accept the conditions that come with it. The term gets its name from the agreement printed on the shrink-wrap (plastic wrap) of a product. Tearing it off and using that product implies that you agree to the terms printed.

Bequator Corp., in buying the phones agreed with TracFone Wireless Inc's condition that the buyer will <em>"not to tamper with or alter the software"</em>. Bequator however went ahead and tampered with the phones they bought such that the phones could now be used on other networks.

This is a clear violation of the condition that TracFone sold it to them under which means that Bequator Corp. is quite liable for breach of contract.

3 0
3 years ago
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