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4 years ago

The long-run aggregate supply curve would shift left if the amount of labor available

Business

1 answer:

liq [111]4 years ago

8 0

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

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The _____ requires states to provide all eligible citizens with the opportunity to register to vote when they apply for or renew

frez [133]

The National Voter Registration Act of 1993 was passed to allow greater access to voting, and encourage an easy path for potential members of the electorate to vote. This was a groundbreaking act intended to involve more individuals in democracy and increase voter turnout, particularly for local elections.

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3 years ago

What is monetary policy? A.Monetary policy is policy set by the central bank to influence the amount of money and credit availab

kakasveta [241]

Monetary policy is policy set by the government to influence the amount of money and credit available in the economy

The Fed Reserve Bank controls interest rates and inflation rates to help encourage spending or borrowing and saving. Usually they will lower interest rates if they want to encourage spending and they will raise them if they want people to save more.

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3 years ago

Which of the following statements best defines the vision of an organization?a. It is the guidepost by which managers define the

Darina [25.2K]

Answer:

The correct answer is letter "B": It is the perception of marketplace needs and the ways the organization can satisfy them.

Explanation:

The vision of a company reflects the objectives of the firm related to its surrounding environment. In other words, a company's vision comprises its operative goals in regards to the transactions necessary to satisfy its consumers' needs and wants. It is suggested that a company's vision would be a segment no longer than 150 words.

7 0

3 years ago

How can gross interest income rise while the net interest margin remains somewhat stable for a particular bank?

Alecsey [184]

Answer:

A bank acts like an intermediary between depositors and creditors. If the market interest rates increase, gross interest income will rise, but all gross interest expense. They will charge higher rates to borrowers, but also must pay higher rates to depositors. The spread probably remains unchanged because both sides increased.

4 0

3 years ago

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10,

Ber [7]

Answer:

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

Explanation:

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30 using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $2,100, receiving a credit memo.

a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank.

Dr. Accounts Payable........2.100

Cr. Inventory...................................2,100

c. Journalize Stylon's entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.

In this case there will be discount credited to the inventory account

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Inventory................................................................109

Cr. Cash....................................................................10,791

d. Journalize Stylon's entry to record the payment beyond the discount period of 10 days.

In this case there will be no discount credited to the inventory account

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Cash....................................................................10,900

7 0

3 years ago