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s2008m [1.1K]
4 years ago
7

A specific reduction in government spending will dampen demand-pull inflation by a greater amount the: 
A. Smaller is the econom

y's MPC
B. Flatter is the economy's aggregate supply curve
C. Smaller is the economy's MPS
D. Less the economy's built-in stability
Business
1 answer:
lina2011 [118]4 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

A reduction in spending is going to reduce the income of the consumers in the economy. The consumers do not spend all their income but save it partially. The saving is used to create funds which are invested again and lead to increase in output. The rate of consumption depends on the marginal propensity to consume and marginal propensity to save. The marginal propensity to save is 1-MPC. Smaller MPS will cause saving to be less, consequently investment will also be lower.

So, a reduction in the government spending will be more effective in curbing demand-pull inflation if the marginal propensity to consume is higher and marginal propensity to save is smaller.

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"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such
elena-14-01-66 [18.8K]

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>

7 0
4 years ago
A particular country has almost a 3 percent prevalence for schizophrenia. that country:
soldier1979 [14.2K]
I agree with the person above - if a particular country has almost a 3-percent prevalence for schizophrenia, it means that that country has a higher-than-average schizophrenia prevalence.
That's a large number of people suffering from schizophrenia - the number should be a lot lower within one country. Schizophrenia is a serious mental disorder when individuals cannot distinguish illusions from reality.
4 0
3 years ago
Read 2 more answers
Although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are
ZanzabumX [31]

Answer:

Policy.

Explanation:

In this scenario, although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are expected to dress in business casual attire each day. This dress code is a policy of the organization.

Policy can be defined as a set of idea, rules, guidelines or plan which determines the principles or course of action of an organization. The main purpose of the policy being defined in an organization is to provide rational values or outcomes and to guide the decisions of the employees working in an organization.

4 0
3 years ago
What term is used to describe the process of developing the organization's objectives and translating those into courses of acti
DiKsa [7]

Answer:

Planning.

Explanation:

Planning is a term used to describe the process of developing the organization's objectives and translating those into courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

Hence, planning is an attempt to develop organizational objectives, goals, and forecasting of consumer demands within the criteria set by product, production process and distribution methods i.e within the intermediate range of its capacity.

7 0
3 years ago
To raise wealth and stimulate private spending, suppose the central bank lowers interest rates, making stock market investment r
Nat2105 [25]
<span>The effectiveness of the policy might be best monitored using the S&P 500, because it draws from a broader set of companies. The Dow Jones Industrial Average is an index of 30 leading companies. While it reflects the overall health of the stock market, it does not provide enough information about small companies.</span>
6 0
4 years ago
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