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djverab [1.8K]
2 years ago
11

Identify the correct statement. Group of answer choices An increase in the price level in an economy will decrease the real GDP

demanded along the aggregate demand curve. An increase in the price level in an economy will increase the real value of dollar-denominated assets. An increase in the price level in an economy will shift the aggregate demand curve rightward. An increase in the price level in an economy will shift the aggregate expenditure line upward. An increase in the price level in an economy will decrease the equilibrium level of output demanded.
Business
1 answer:
Step2247 [10]2 years ago
8 0

Answer:

An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

Generally, an increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.

Additionally, an economy's aggregate demand curve shifts rightward or leftward by more than changes in initial spending because of the multiplier effect. Also, an increase in stock prices that increases consumer wealth will most likely shift the aggregate demand curve to the right.

Lastly, a change in price level would not shift the aggregate demand curve (AD curve).

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In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is l
Margarita [4]

Answer: Unilateral contract.

Explanation:

A unilateral contract is a contract in which promise to fulfill a requirement is made only in one direction, when only the offeror makes a promise and the offeree is on the receiving end of the promise. In insurance the insurer is the only one who makes a promise while the insured is the one receiving the offer(and can break from the agreement at any time).The insurer is the offeror while the insured is the offeree.

3 0
3 years ago
A company has the following liabilities at year end: Mortgage note payable; $16,000 due within 12 months $355,000 Short-term deb
Grace [21]

Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

Explanation:

The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

Therefore, The amount that the company should include in the current liability section of the balance sheet is $16,000

4 0
3 years ago
An information system that contains the specialized knowledge and decision rules used by experts and experienced decision makers
Artemon [7]

Answer:

decision support system.

Explanation:

A decision support system is an intelligent system that automates the organizational decision process by collecting data regarding organizational processes and logical and quantitative learning of factors that directly impact a business.

It is then configured as a very effective tool to reduce the risk inherent in the decision-making process of an expert who does not have much experience to make a decision based on their own knowledge.

6 0
2 years ago
Gary’s Company produces high quality shirts. Shirts must be well made because of frequent washings. Currently, Gary sells 10,000
grin007 [14]

Answer:

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

Explanation:

Giving the following information:

Currently, Gary sells 10,000 shirts at $60 each with the capacity to produce 11,000 shirts. Gary is considering a special order for 1,800 shirts for $40.

Gary has the following costs:

Unit Costs $200,000

Facility Costs $140,000

If Gary accepts the special order, they will incur an additional $2 per shirt in foreign currency transaction costs.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

variable cost per unit= (200,000/10,000) + 2= $22

Effect on income= (40 - 22)*1,800= $32,400

We have to take into account the loss of not selling 1,000 units.

Effect on income= 1,000*40= $40,000

Total effect= 32,400 - 40,000= $7,600

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

6 0
3 years ago
Harper acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2014, for $243,700 in cash. The book
KonstantinChe [14]
One of the steps in solving this problem is this one:

As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.

Calculation of the book value of the purchase made as the book value of Company K times percent purchased:

400,000 * 0.40 = 160,000

Then, calculate the difference in the acquisition and the book value of the purchase:

210,000 - 160,000 = 50,000
5 0
3 years ago
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