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Alexeev081 [22]
3 years ago
15

Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of

confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. Refer to Pessimism. In the short run what happens to the price level and real GDP? A. The price level rises and real GDP falls. B. The price level falls and real GDP rises. C. Both the price level and real GDP fall. D. Both the price level and real GDP rise.
Business
1 answer:
VladimirAG [237]3 years ago
3 0

Answer:

The correct answer is option C.

Explanation:

Suppose there is pessimism in an economy because of corporate scandals, international tensions, loss of confidence, etc. This is going to adversely affect the economy. Because of corporate scandals, the investment will decline. Loss of confidence in consumers will cause a reduction in consumption spending. International tensions cause net exports to decline.  

All of this causes aggregate demand to decline. The aggregate demand curve moves to the left. This leftward shift causes both the quantity of output and price to fall. As output fall real GDP will decline as well.

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The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six
joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at  : 1.33

hence the largest standard deviation =  upper limit - lower limit / 6 * 1.33

 ( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = \sqrt{variance }

std of the six-bar box = \sqrt{6*0.86^2}  = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

         = (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk =  (process mean -  lower value ) / (3*std of box)

       = ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

           = 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

 mean = 1.33 * 3 * 2.106 + 153

            = 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0
3 years ago
The basic economic argument for greater income equality is that:
krok68 [10]

The answer is that a more equal distribution of a given amount of income will increase the total utility of consumers. Income Inequality is common nowadays and is considered to be a market failure. Three causes of falling wages and the rise of income inequality is due to technology, trades and institutions. Large wages focuses on workers with high levels of education and skills.

7 0
3 years ago
Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0
UkoKoshka [18]

Answer:

a. $20,000

b. $180,000

Explanation:

Par value per preferred share = $8

Dividend rate = 5%

Dividend per preferred share = $8 * 5% = $0.40

Number of preferred shares = 50,000

a. Total dividend amount distributed to the preferred shareholders this year = 50,000 shares * $0.40 = $20,000

b. The total dividend amount distributed to the common shareholders this year = $200,000 - $20,000 = $180,000

6 0
3 years ago
Mr. and Mrs. Underhill operate a hardware store in a jurisdiction that levies both a sales tax on retail sales of tangible perso
Setler [38]

Answer:

Sales Tax:

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Step-I: Solution to the problem where sale is not a retail sale:  

No, Mr. and Mrs. CS are not required to pay any sales tax on the purchase of inventory, since it is purchased for store and not qualifies to be a retail sale.

Step-II: Property Lax liability on Inventory:

Now, Mr. and Mrs. CS will be required to pay property tax on the book value of inventory left on 31st December. They can minimize their property tax liability by adjusting the time of their purchases. If they could have purchased the inventory in January, then the inventory could have been sold throughout the year and the book value of the stock left as on 31st December would have been lesser. Thus, the amount of tax would also be lesser  

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3 years ago
A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the e
Vsevolod [243]
 

<span>A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct?  </span>20-pay life accumulates cash value faster than straight life.  A 20-pay life policy means that the life of the insurance payment is paid for a total of 20 years.  The payments to the policy can be made monthly, quarterly, semi-annually or annually.  In a 20-pay policy, cash accumulates faster than a straight life policy due to the cash value that accumulates at a faster rate. 

4 0
4 years ago
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