All categories

3 years ago

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

Business

1 answer:

liq [111]3 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.

You might be interested in

Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is

sesenic [268]

Answer:

14.52%

Explanation:

The computation of the rate of return on the stock is shown below:-

The expected rate of return on the stock = Beta × (Rate of return - Market rate of return)

= 1.2 × (0.121 - 0.145)

= - 2.88%

So, the expected rate of return on the stock = Current percentage - expected rate of return on the stock

= 0.174 - 0.0288

= 14.52%

Therefore we simply applied the above formulas

4 0

3 years ago

On January 1, 2018, equity account balances are as follows: Preferred Stock $ 500,000 Common Stock 1,000,000 Paid-In Capital in

Ludmilka [50]

Answer:

a. debit to Paid-In Capital From Treasury Stock of $155,000

Explanation:

Treasury Stock purchase 25,000 shares = $762,500

Per share value = $762,500/25,000 shares

Per share value = $30.5

Selling price of 10,000 treasury stock = $15 × 10,000 = $150,000

Purchase price of 10,000 treasury stock = $30.5 × 10,000 = $305,000

The deference between sales and purchase of treasury stock = $155,000

Therefore, option A is the answer because paid-In Capital From Treasury Stock becomes a debit due to selling the stock in low price.

4 0

3 years ago

In the us economy the money supply is controlled by the

Evgesh-ka [11]

The money supply is controlled by the Government. Its spending or changing taxes.

Hope this helped. Have a great day! :D

5 0

3 years ago

The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh

Bas_tet [7]

Answer:

c,d and e

Explanation:

The correct statements given in the options are as stated below:

(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.

This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.

(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.

This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods

(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.

This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery

7 0

3 years ago

ASICS What is the shoe equivalent size for US?

kozerog [31]

Here is a sizing chart from the Kohl’s website and they sell ASICS

3 0

3 years ago