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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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Explanation:

Note: See the attached Microsoft word file for the calculations of the anwers above.

7 0
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Which of the following accounting strategies (for financial reporting purposes) is the least likely for a firm that is currently
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Using straight-line depreciation.

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4 0
3 years ago
Shelley’s Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last y
Murrr4er [49]

Answer: Option B

Explanation:

A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.

B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.

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6 0
3 years ago
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Answer:

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Explanation:

Giving the following information:

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6 0
2 years ago
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This request cannot be honored because the securities must be paid for, in full, to process a transfer and ship request

Explanation:

7 0
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