Answer:
Part 1. Additional spending on national park facilities & A tax cut is the answer.
Part 2. Expansionary
Explanation:
The Natural level of real GDP is also associated with the natural rate of unemployment. When the real gdp < natural real gdp, the economy is said to be in a recession. Thus unemplyment rate is> natural rate of unemployment.
Reason is as follows:
A tax cut, depends if its permanent or not (to see the difference between short and long run effects). However, for this scenario, a tax cut should give consumers more disposable income, which would increase consumption, thus increasing total output. The opposit effect would happen for a tax increase. Hence a tax cut is a policy that could bring gdp near natural GDP.
A reduction in government purchases would lower G, which would lower Y too. so all else equal, a reduction in government purchases wouldn't help increase output, rather it may fall instead. So this is not a solution for bringing actual gdp near natural GDP.
Additional spending on national park facilities:- Will increase income of someone or the other and thus would create extra demand . Thus it would give some consumers more disposable income, which would help them increase C, thus would be increasing total output. So this is can be a solution for bringing actual gdp near natural GDP.
Answer:
c) labor shortages
Explanation:
In the early 20's when companies and various other organisations faced the problem of labor shortages, that is labor was less than the requirement the companies came up with the scientific approach to management.
Scientific management aims at efficiency and with that greater management of labor productivity.
The early practice of applying the science behind management was started with this, and the observed results were so emphasising, that the practice is followed even now.
Answer:
$3
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Consumer surplus of Leyla = $4 - $3 = $1
Consumer surplus of Margaret = $5 - $3 = $2
total surplus = $1 + $2 = $3
Answer:
D. $242,200
Explanation:
The variable cost is that cost which is changes when there is a change in the level of production.
It includes the direct material cost, direct labor cost, factory supplies, etc
The computation of the total variable cost is shown below:
= Direct material cost + direct labor cost + packaging cost
= $85,000 + $138,000 + $19,200
= $242,200
Therefore we included these three cost for the calculation of the variable cost
