1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Morgarella [4.7K]
3 years ago
5

John Maynard Keynes believed that wages may be inflexible in the downward direction. Consequently, an economy Question 3 options

: could get stuck in long-run equilibrium. could get stuck in a recessionary gap. could get stuck in an inflationary gap. would always produce more than Natural Real GDP
Business
1 answer:
Nuetrik [128]3 years ago
3 0

Answer:

An economy could get stuck in a recessionary gap

Explanation:

Keynes believed that wages may be inflexible in the downward direction and which would consequently cause an economy to get stuck in the recessionary gap. The recessionary gap happens when a country's real GDP is lower than it's gross domestic product at a state of full employment. It shows the difference between the actual and potential production in an economy. But with the actual being smaller or lower than the potential production.

You might be interested in
Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the p
Temka [501]

Answer:

The answer is Option D.

Explanation:

The answer is Option D.

The direct costs (materials and labor) will change if the production level varies. They are defined as the costs that are strictily related with the production of the product or service.

The fixed manufacturing overhead will vary independently of the variations of the production level. This is an example of indirect cost.

8 0
3 years ago
Select the correct answer.
Gwar [14]

Answer:

I believe the answer is B. 30 percent

<em>good luck, i hope this helps :)</em>

<em />

3 0
3 years ago
Read 2 more answers
The Constitution sets out the authority and the limits of the branches of the government.
kotegsom [21]

Answer:

The correct answer is c. ​each branch has some power to limit the actions of the others.

Explanation:

The separation of powers or division of powers is a political principle in some forms of government, in which the legislative, executive and judicial powers of the State are exercised by distinct, autonomous and independent organs of government. This is the fundamental quality that characterizes representative and presidential democracy.

Montesquieu argued that “every man who has power is inclined to abuse it; He goes until he finds limits. So that the power cannot be abused, it is necessary that, by the disposition of things, the power stops the power ».3 In this way, the vigilance of the three powers among themselves is entrusted as each one watches, controls and stops the excesses of others to prevent, by their own ambition, that some of them predominate over others. It can be contrasted with the fusion of powers and separation of functions in parliamentary systems, where the executive and the legislature are unified, because the legislature appoints the executive.

3 0
3 years ago
Suppose Kim Ping and Abdel decide to set up a joint venture. Working together, the two companies will build a new, independent m
harina [27]

Answer:

Kim Ping and Abdel will have trouble when it comes to equality in a joint venture. There is always one partner who earns more than the other.

Kim Ping and Abdel will face<em> "conflict of interest." </em>Every individual has his own purpose in making a profit.

Explanation:

"Join venture" refers to the<em> merging of two parties</em>, including their resources, in order to accomplish a project or start a new business. This means that the company profits and losses will be shared by both parties.

However, it is said that "there is no such things as equal partners." There is always a chance that one party will earn more than the other, or the other party will contribute more than the other.

There is also a possibility of "conflict of interest" in such situation. Every partner has his own beliefs and style of running a business. This will cause a conflicting interest in both parties.  

These are the possible problems that Kim Ping and Abdel might encounter.

5 0
3 years ago
What is an externality? someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway
vlabodo [156]

An externality is defined as the cost or benefit that affects a group when the group did not choose to receive that cost or benefit. This results in either a position or negative consequence based on what happened to a third party that was not origionally involved.

Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway is the best definition given to be the answer to this question.

3 0
4 years ago
Other questions:
  • One year ago, you purchased a stock at a price of $32 a share. Today, you sold the stock and realized a total return of 14.62 pe
    14·1 answer
  • Heinz promoting its vinegar as an effective cleaner for wall, glass, kitchen, and bathroom surfaces would most likely be a strat
    5·2 answers
  • Zinc, LP was formed on August 1, 20X9. When the partnership was formed, Al contributed $10,000 in cash and inventory with a FMV
    11·1 answer
  • Why do you earn more money using compound interest than you would using simple interest?
    5·1 answer
  • How do we apply economic decision making to resources which have alternative uses?
    6·1 answer
  • A manager is interested in studying if there is a relationship between the gender of the order-taker and the amount of food orde
    12·1 answer
  • Loraine is a shareholder of Taley Corp. She would like to inspect and copy the company's minute book, accounting records, and sh
    5·2 answers
  • True or False: A decrease in the general price level resulting from an increase in the cost of production is known as cost-push
    15·1 answer
  • Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle
    9·1 answer
  • Your project sponsor is Shirley, the Chief Information Officer. She is a member of the hospital leadership team who controls the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!