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bagirrra123 [75]
2 years ago
12

Suppose the economy is at a point below its physical production possibilities frontier but above its institutional production po

ssibilities frontier. In response to this situation, Keynesian economists may propose that government enact ________ fiscal policy to correct this ________ gap by ________ government expenditures.
Business
1 answer:
bogdanovich [222]2 years ago
6 0

Answer: contractionary; inflationary; decreasing

Explanation:

A contractionary fiscal policy is used in order to reduce the money that is in circulation. In this policy, the government increases tax and also cuts its spending.

The contractionary fiscal policy will be used according to Keynesian to correct the inflationary gap by decreasing the expenses of the government.

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harina [27]

Answer:

True

Explanation:

If lean production totally eliminates inventories, the net operating income computed under the absorption and variable costing methods should be equal.  If lean production only reduces inventories, then the difference in net operating income under the two methods will be reduced.

Lean production is a system of production that tries to eliminate bottlenecks in the flow of goods by employing tools like just in time (JIT), Kaizen, and the 5S of Sort, Set in Order, Shine, Standardize, and Sustain, among others.  It attempts to cut costs, reduce unnecessary inventory, shorten production cycle, speed response time, grant employees autonomy,  and reduce waste of resources while ensuring high quality and customer satisfaction.

Lean production employs some principles in order to achieve efficiency.  They are: 1) definition of value, 2) mapping the value stream, 3) creating efficient flow, 4) using a pull system, and 5) pursuing perfection in all aspect of production activities.  The Lean approach can be applied to services and other aspect of business, like system, structure, and organization.

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3 years ago
Operating cash flow is defined as:A. a firm's net profit over a specified period of time.B. the cash that a firm generates from
mina [271]

Answer:

B. the cash that a firm generates from its normal business activities using its existing assets

Explanation:

It represent the cash from the main activity. It is a good indicator wether the company needs external financing or it can sustain his grow with own funds.

It is stated in the cash flow statement. along with investing and financing activities.

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3 years ago
Sometimes word of mouth and expert recommendations cause a product to become more popular. However, the firm that produces this
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Answer:

Invariably, the cost of the product will rise. A relatively increase in supply parts directly influences the price of a product.

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3 years ago
If accounting information is to be useful, it must be expressed in terms of​
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accounting information?

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2 years ago
Palmetto regional hospital has designed an upcoming research project for determining the best methods for improving patient care
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