1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
2 years ago
13

At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of f

inal goods and services. The price level is:
a. above equilibrium.
b. at equilibrium.
c. below equilibrium.
d. More information is needed.
Business
1 answer:
prohojiy [21]2 years ago
7 0

Answer:

a. above equilibrium. 

Explanation:

At equilibrium, quantity supplied equals quantity demanded.

Above equilibrium where price is higher, quantity supplied would be greater than quantity demanded. In the question above, supply is $375 billion of final goods and services while demand is $355 billion. This indicates that price levels is above equilibrium price.

Below equilibrium, quantity supplied would be less than quantity demanded.

I hope my answer helps you.

You might be interested in
Identify and explain the theory of motivation applied by the manager at Kellog's company. Identify each level and support your a
fiasKO [112]
Ok ok ok ok ok ok ok ok
Ummhsshjs ... 1+1 is
8 0
3 years ago
Which of the following statements is (are) true regarding product costing?(A) Twenty cans of paint that are 25% full are equival
MrRa [10]

Answer:

B is the correct option.

Explanation:

Product costing refers to the cost incurred for creating a product. It includes the materials, labor, factory overhead and consumable production supplies. It can also be defined as the labor cost required for delivering the service and in this case, its cost also includes the costs related to compensation, payroll taxes, and employee benefits. The cost of a product on a unit basis is calculated by adding the cost of total direct labor, materials, consumable supplies and total allocated overhead divided by the total number of units.

6 0
3 years ago
What is a bank??????????
AleksandrR [38]

Answer:

A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.

8 0
3 years ago
Read 2 more answers
In the 1980s, the U.S. government forced Japanese automakers to limit their exports to the United States. The union representing
never [62]

Answer:

A) save domestic jobs

Explanation:

Domestic jobs: These are the categories of jobs that are available in the national country of the company or within the boundary of the country, which has a preference for the local population and has more responsibility toward national´s resources, however, foreign companies have less responsibility toward national´s resources and their sole motive is to earn profit at a lesser cost.  

In the given case, Japanese company´s export to the U.S have affected the domestic jobs as their motive is to maximize profit, which leads to an argument for protection of domestic job in U.S auto industry, therefore, US government have limited the export of Japanese automaker.

7 0
3 years ago
The personnel director at a large company studied the eating habits of the company's employees. the director watched and recorde
valina [46]

The answer is<u> "An experiment."</u>


An experiment refers to a controlled study in which the scientist endeavors to comprehend circumstances and end results connections. The examination is "controlled" as in the analyst controls (1) how subjects are relegated to gatherings and (2) which medicines each gathering gets.  

In the analysis stage, the specialist thinks about gathering scores on some reliant variable. In view of the investigation, the scientist makes an inference about whether the treatment (independent  variable) causally affected the dependent variable.

4 0
3 years ago
Other questions:
  • Janitor Supply produces an industrial cleaning powder that requires 49 grams of material at $0.20 per gram and 0.40 direct labor
    5·1 answer
  • BUSINE
    6·1 answer
  • What weakness is revealed by always being late to team practice
    8·2 answers
  • Ikea is a very Sweden âcentric that is they like doing it the Swedish way, from the names of the furniture to the management of
    11·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    9·1 answer
  • Define the term market system.
    14·1 answer
  • Nine years ago the Templeton Company issued 15-year bonds with a 12% annual coupon rate at their $1,000 par value. The bonds had
    12·1 answer
  • If one unit of Product Z2 used $2.00 of direct materials and $3.40 of direct labor, sold for $11.00, and was assigned overhead a
    14·1 answer
  • Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div
    7·1 answer
  • The study of how resources are distributed for production of goods and services within a social system is called.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!