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3 years ago

An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?

Business

2 answers:

anyanavicka [17]3 years ago

7 0

Answer:

a. real GDP will increase and price level will decrease

Explanation:

Aggregate demand and real GDP on the long run are calculated the same and are mostly the same things, because one is the cost and price of all the products, services and government investments that a country experiences in a certain period of time, and the other is the demand for those services, aggregate demand and price level have an inverse correlation in which when aggregate demand rises, the price level often decreases.

MArishka [77]3 years ago

4 0

Answer:

D. Real GDP will remain the same and price level will increase

Explanation:

I just answered this one and got it wrong box of the first person who answered it but D is the right choice

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An increase from 16k to 20k is a 20%increase proportionate to production

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4 years ago

Read 2 more answers

A Purchasing Specialist is sometimes referred to as what? Select all that apply *

Zepler [3.9K]

$\text{Hello there!}$

A Purchasing Specialist is sometimes referred as a $\bold{Procurement Manager.}$

This is because they're responsible for purchasing/procuring supplies.

They relatively have the same roles, however, occasionally referred to by different names.

$\text{The job of the}$ $\bold{Purchasing\;Manager}$ $\text{\;is to purchase supplies for the company.}$

$\text{For example, purchasing lettuce for a}$ $\bold{fast\;food\;restaurant.}$

$\text{The job of the\;}$ $\bold{Purchasing\;Agent}$ $\text{is to buy supplies that the company needs.}$

$\text{The job of the}$ $\bold{Procurement\;Manager}$ $\text{has the same responsibilities as the}$ $\bold{Purchasing\;Manager.}$

Therefore, all of the possible referred answers are going to be correct.

The only differences are going to be the names.

$\rule{300}{1.0}$

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3 years ago

The process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a b

Artist 52 [7]

Answer: Business Prototyping

Explanation:

The business prototyping is one of the concept that helps in understanding all the industrial standard procedural by applying the similar type of method and ideas in the business organization.

In the inventing process it is essential for creating the business prototyping process based on the specific vision.

According to the given question, the business prototyping is used by the entrepreneurs for the purpose of testing the business model before their launch on very small scale.

Therefore, Business prototyping is the correct answer.

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3 years ago

Western, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications

frosja888 [35]

Answer:

Estimated manufacturing overhead rate= $160 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead= $640,000

Estimated direct labor hours= 4,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 640,000/4,000

Estimated manufacturing overhead rate= $160 per direct labor hour

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3 years ago