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netineya [11]
3 years ago
8

If consumption increases, a) the SRAS curve will shift rightward, which will push the price level up. b) the SRAS curve will shi

ft leftward, which will push the price level up. c) the AD curve will shift leftward, which will push the price level down. d) the AD curve will shift rightward, which will push the price level up.
Business
1 answer:
SSSSS [86.1K]3 years ago
3 0

Answer: Option (d) is correct

If consumption increases, the AD curve will shift rightward, which will increase the price level.

Explanation:

If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.

Because there is more demand in the economy which gives an advantage for the producer to charge higher price.

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Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5
Alinara [238K]

Answer: $79.30

Explanation:

Cost of the house = $96400

Down payment = 25% × $96400 = $24100

Mortgage = $96400 - $24100 = $72300

Interest = 5.5%

Time = 5 years

Monthly payment.= $410.66

The interest for first payment will be:

= $72300 × 5.5% × 1/12

= $72300 × 0.055 × 0.08333

= $331.36

Therefore, the amount of the first monthly payment is used to reduce the principal will be:

= $410.66 - $331.36

= $79.30

5 0
2 years ago
If you returned a $5 federal reserve note to the fed, you could receive:
QveST [7]
If you returned a $5 federal reserve note to the fed, you could receive five 1$ bills, t<span>he FED or the Federal Reserve system is the central bank of the United States. Congress created the Federal Reserve through a law enacted in 1913, giving it the responsibility of promoting a solid banking system and a thriving economy.</span>
7 0
3 years ago
A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decre
garri49 [273]

Answer:

  • It will cause Market price to decrease in the short-run.
  • There will be short-run decrease on Individual firms' profit-maximizing output .
  • A good number of Firms will exit the market in the long run.
  • Finally, market quantity will decrease in the long-run.
5 0
3 years ago
Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $17, direct lab
Mars2501 [29]

Answer:

the target selling price is $76.70

Explanation:

The computation of the target selling price is shown below:

= Total cost + 1 × markup percentage

= ($17 + $6 + $3 + $19 + $1  + $13)  × (1.30)

= $76.70

hence, the target selling price is $76.70

We simply applied the above formula so that the target selling price could be determined

8 0
3 years ago
A recurring theme in economics is that people:
Leni [432]

Answer:

D. Have unlimited economic wants, but limited resources

Explanation:

Economics studies human behaviour in relation to ends and scarce means. Wants are unlimited but the resources to satisfy these wants are limited hence the resources are used to meet the unlimited wants in order of importance (scale of preference).

The wants forgone are known as the opportunity cost of the wants that are satisfied with the limited resources.

Hence a recurring theme in economics is that people have unlimited economic wants, but limited resources.

3 0
3 years ago
Read 2 more answers
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