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Dmitry [639]
2 years ago
15

The aggregate demand curve is downward sloping because as the price level increases the purchasing power of wealth decreases pur

chasing power of wealth decreases A demand for imports decreases demand for imports decreases B demand for interest-sensitive expenditures increases demand for interest-sensitive expenditures increases C demand for domestically produced substitute goods increases demand for domestically produced substitute goods increases D real value of fixed assets increases
Business
1 answer:
just olya [345]2 years ago
3 0

Answer:

A

Explanation:

The aggregate demand curve is a graph that represents the  total quantity of all goods and services demanded by the economy at different price levels.

The aggregate demand curve slopes downward because

  • wealth effect on consumption
  • the interest rate effect on investment
  • the international trade effect on net exports.

If price level decreases, wealth decreases. As a result, import becomes more expensive and export decreases. This leads to a downward slope of the demand curve

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During December, Far West Services makes a $4,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Lina20 [59]

Answer

Debit Accounts receivable   $4,200

Credit Revenue account       $3,870.97

Credit State Sales tax payable        $232.26

Credit local Sales tax payable         $96.77

Explanation:

When revenue is earned but cash is yet to be received and sales tax are to be accounted for at 8.5%, the entries required are;

Debit Accounts receivable   108.5%

Credit Revenue account       100%

Credit Sales tax payable         8.5%

Given that the sales tax amount is in addition to the credit sale amount, let the sales revenue be R

6% * R + 2.5% * R + R = $4,200

1.085R = $4200

R = $3870.97

States tax = 6% * $3870.97

=$232.26

Local tax = 2.5% * $3870.97

= $96.77

5 0
3 years ago
The most liquid monetary aggregate is: ___.
Alex17521 [72]

M1 is the most liquid monetary aggregate.

A measure of the money supply in an economy is called an aggregate of money. To standardized monetary aggregates in the US, the following labels are applied:

MO The monetary base, usually referred to as the physical money supply or coinage and bank reserves maintained by the central bank,

M1: M0 in its whole plus traveler's checks and demand deposits

All of M1, money market securities, and savings accounts are considered M2.

Despite not being frequently noticed and being distinct from the money supply, the monetary base is a crucial monetary aggregates. The total amount of money in circulation as well as the fraction of commercial bank reserves that is kept on hand by the central bank are included. Since it may be multiplied using the fractional reserve banking system, this is also sometimes referred to as high-powered money (HPM).

Learn more about monetary aggregates here

brainly.com/question/10706198

#SPJ4

7 0
10 months ago
Carbohydrates, fats, and proteins, which provide energy
antoniya [11.8K]

Answer:

Explanation:

ALL of 3 provide energy

6 0
3 years ago
Read 2 more answers
A bank has excess reserves of $1,000,000 and makes a new loan for $500,000. If the bank faces a 10% required reserve ratio, by h
lianna [129]

Answer:

Money supply increase=500000/10%=5000000

Explanation:

3 0
3 years ago
An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 55 h
Gemiola [76]

Answer: Gross pay- $1750.00

Net pay - $1,215.75

Explanation: Gross pay = Nomal time =$28*40= $1,120. Overtime = $28*1.5*15= $630 Total= $1,750

Net pay = $1,750 less Security tax, Medicare tax, federal income tax withheld.

$1750* 6.0%= $105

$1750* 1.5% = $26.25

Tax withheld= $403

Net pay= $1,750-$105-$26.25-$403

= $1,215.75

8 0
3 years ago
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