Answer:
The journal entry for the issuance of the common stock is shown below:
Explanation:
Cash A/c.............................................Dr $33,000
Common Stock A/c........................Cr $30
Paid in Capital A/c...........................Cr $32,970
Working Notes:
Cash = Number of shares × Issue Price
= 3,000 × $11
= $33,000
Common Stock = Number of Shares × Par Value
= 3,000 × $0.01
= $30
Paid in Capital = Cash - Common stock
= $33,000 - 30
= $32,970
Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.
<h3>Classical economists</h3>
The Classical economists believe that the great depression experience was as a result of as a political problem.
The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.
Therefore they believed that labor unions were stopping the wage level from rising.
Learn more about Classical economists here:brainly.com/question/419703
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Answer: Option C : Increases Real GDP and leave the price level unchanged.
Explanation:
One of the assumption of the Keynesians and I quote...
"Keynesians believe that prices, and especially wages, respond slowly to changes in supply and demand, resulting in periodic shortages and surpluses, especially of labor."
From the above we can conclude that for an increased in spending leads to Increases Real GDP and leave the price level unchanged.
Answer:
200 units
Explanation:
For computing the number of units produced each time we need to applied the economic order quantity formula which is shown below:
where,
Annual demand is 1,600 units
Ordering cost per order is $25
And, the carrying cost or holding cost per unit per year is $2
Now placing these values to the above formula
So, the economic order quantity is
= 200 units
Answer:
A tax cut does not cause workers to work significantly more hours. C).
