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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.

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Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. In addition to their salaries,
Fiesta28 [93]

Answer:

Since we are not given any specific year, I will use the 2020 tax schedule:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $70,400 + $14,400 + $1,300 = $86,100

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

<u>contribution to IRA = ($3,300)</u>

Marc and Michelle's taxable income = $58,400

Marc and Michelle's tax liability = $1,975 + [12% x ($58,400 - $19,750)] = $6,613

Alimony payments are not longer tax deductible and interests on municipal bonds is not taxable.

Since their income tax withholdings exceed their tax liability, they should get a refund for $6,665 - $6,613 = $52

Also, since they are allowed a $2,000 child tax credit, but they do not owe any more taxes, they are entitled to a $1,400 refund.

Total refund for 2020 = $1,452.

5 0
2 years ago
A one-brand-name strategy is useful when the marketer wants the brand to appear to be a local brand, or when regulations require
Phoenix [80]
B. false

A one brand name strategy would be like McDonalds, Call everything the McRib, McDouble, it makes it nationlized, not localized
5 0
3 years ago
Jose received $400 for his birthday from his family. He wishes to buy a motorcycle and decides to use his birthday money towards
arsen [322]

Answer:

The correct answer is Future value with compound interest and $478.25.

Explanation:

According to the the scenario, the given data are as follows:

Present value (PV) = $400

Rate of interest = 6%

Rate of interest ( compounded quarterly) (rate) = 1.5%

Time period = 3 years

Time period ( compounded quarterly) ( Nper) = 12

So, we have to calculate Future value with compound interest because it is asking for a amount after 3 year.

So, we can calculate the future value by using financial calculator.

The attachment is attached below.

So, FV = $478.25

4 0
3 years ago
Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and
inn [45]

Answer:

The correct answer is d) Identifying and Typing Resources

Explanation:

Resource management preparedness involves four key activities: inventorying resources; Qualifying, certifying, and credentialing personnel; Identifying and typing resources; Planning for resources and Acquiring, storing.

Identifying and typing resources requires collaboration and coordination across organizations to manage resources including personnel, equipment, teams, supplies and facilities.

7 0
2 years ago
Boots Plus has two product​ lines: Hiking boots and Fashion boots. Income statement data for the most recent year​ follow: Total
Stels [109]

Answer:

Net Operating Income rises by $10,000 when Fashion Boots is discontinued.

Explanation:

Current operating profit for Boots Plus = $45,000

that is $65,000 profit from Hiking and $20,000 losses from Fashion

In case if Fashion boots is discontinued, then fixed cost eliminated = $30,000

In that case Total fixed cost of fashion boots non eliminated = $40,000 - $30,000 = $10,000

Which will be loss from Fashion as no other operating activity will be there.

Net operating profit of the company will be

Profit from Hiking Boots = $65,000

Less: Loss from Fashion Sales = $10,000 (Fixed Cost not eliminated)

Net Operating profit = $65,000 - $10,000 = $55,000

Net Operating Income rises by $10,000 when Fashion Boots is discontinued.

8 0
3 years ago
Read 2 more answers
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