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barxatty [35]
2 years ago
9

Describe carefully the main difference between the Keynesian approach and the real business cycle theory in terms of explaining

the sources of business cycles.
Business
1 answer:
yulyashka [42]2 years ago
5 0

Answer: For the real business cycle, technical fluctuation that triggers changes in outputs and employment, while for the Keynesian, income and output depend largely on the volume of employment.

Explanation:

The real business cycle theory assumes that when the market undergoes variation in it's ability to turn inputs into product, there is a technical fluctuation that triggers changes in outputs and employment

While the Keynesian, it's sees business cycles as periodic fluctuations of employment, income and their output. This income and output depend largely on the volume of employment.

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frez [133]
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
8 0
3 years ago
Social factors exert the broadest and deepest influence over a person’s consumer behavior. True or false?.
Scilla [17]

Social factors exert the broadest and deepest influence over a person’s consumer behavior   false (culture)

Culture :

A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.

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4 0
1 year ago
Myra provides accounting services as an independent contractor for Great Northern. Because of this relationship, Great Northern
Setler [38]
The answer to this question is False
8 0
3 years ago
Total quality management (TQM) A. C) works best when used in conjunction with Six Sigma quality control techniques. B. D) is an
nadya68 [22]

Answer: D. A)is a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100% accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction.

Explanation: Total Quality Management (TQM) is simply a management approach to long-term success that is attained through customer satisfaction, improving customer experience, detection and reduction or elimination of errors in manufacturing, streamlining supply chain management, training of workers etc. with the aim of holding all parties involved in the production process accountable for the overall  product or service quality. It is therefore, a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100% accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction.

6 0
2 years ago
Read 2 more answers
A corporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. What will be the
gregori [183]

Answer:

Decrease, $350000.

Explanation:

Given: Corporation purchases 10000 shares for $35 per share.

Now, calculating cost of common stock.

Cost of common stock purchased = 10000\times 35= \$ 350000

∴ Cost of common stock purchased= $350000

∴ If there is increase in expense and dividend payout to common and preferred shareholder, it lead to decrease in stockholders´ equity.

3 0
3 years ago
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