Answer:
Nominal wages will fall, and the short-run aggregate, supply curve, shifts to the right.
Explanation:
When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as nominal wages fall(s) and the short-run aggregate supply curve shifts to the right.
Answer:
See below
Explanation:
With regards to the above, Marin's correct September 30, 2016 cash balance is computed below;
Balance as per cash book
$22,340
Add: Error in recording cash receipt
($550 - $500)
$50
Less: Bank service charge
($45)
Less: NSF check
($1,500)
Corrected cash book
$20,845
The answer top the question stated above is letter D. It would improve the economy's situation.
For F<span>riedrich Von </span>Hayek, less government intervention<span> meant more </span>economic freedom. He believed that if people are free to choose, then the economy runs more efficiently.
Thus, it would improve the economy's situation.
Answer: Experiencing declining production capacity because net investment is negative
Explanation:
Investment in a country includes capital Expenditure such as buildings, roads, inventory and etcetera which contribute to the production capacity of the Nation.
Net Investment is calculated by subtracting Depreciation from the Gross Private Domestic Investment. When Net Investment is negative, it means that the Production capacity of the nation is weakened and declining because the Investment available is not able to produce as much.
In the country described, the Net Investment is,
= Gross Private Domestic Investment - Consumption of Fixed Capital (Depreciation)
= 46 - 52
= -$6 billion
The Net Investment for this Economy is negative showing a declining production capacity.
