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Rina8888 [55]
3 years ago
14

According to ______, market participants immediately change their actions in response to anticipated price-level changes, such t

hat no changes in real output occur.
Business
1 answer:
ZanzabumX [31]3 years ago
3 0

Answer:

rational expectations theory

Explanation:

Rational expectations theory is the tendency of people to behave in a rational manner when presented with economic decisions. It is a widely used theory in economics.

It's states that decisions are made primarily on the basis of information available to them, human rationality and past experience.

So when market participants immediately change their actions in response to anticipated price-level changes such that no changes in real output occur, they are acting according to the rational expectations theory

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In the simplified model with proportional taxation introduced at the end of chapter 5, there can be two equilibria, one with a h
Radda [10]

Answer:

answer is given below

Explanation:

Equilibria with high tax rate.

  • In the high balance tax system, taxes are already high. Make government spending and revenue sources mandatory. and Tax rates decrease.
  • The income effect leads to an increase in both consumption and leisure, but when the alternative effect is taken into account, higher costs lead to greater employment and greater consumption but leave the party on leave.
  • Tax base witnesses grow. Output increases but relaxation decreases.

Equilibria with low tax rate:

  • An increase in government spending leads to an increase in tax rates to increase income sources.
  • The increase in taxes leads to a decline in consumption and production.
  • Therefore, the amount of time spent at rest will increase.
3 0
3 years ago
Are there any true communist economies today? Which economies call themselves communist, and what are they actually, if not comm
Stels [109]

Hey!! Glad I can help!!!

Answer:

Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.

If satisfied leave a review and feel free too give me brainiest :D

5 0
3 years ago
You have recently been hired as the assistant controller for Stanton Industries. Your immediate superior is the controller who,
Nata [24]

Answer:

Answer is given below.

Explanation:

it is absolutely exploitative to adjust the maturing of the records receivable with no legitimate explanation so as to diminish the remittance made so as to expand the benefit and show an off base monetary record figures to the partners. The controller can't subjectively choose to change the records receivable to cut down the noncollectable records as at some point or another a similar will be found during review and a similar will be hailed off as a fake. The long haul results you would confront incorporate landing terminated from the position, having your authorized dropped in the event that you are CPA and may likewise confront lawful prosecutions. You should disclose to the controller that so as to simply introduce a decent benefit for the present year it can place into the danger for the future and put their vocation in question. Additionally, a similar won't be valued by the investors and the organization may go on free its altruism.

5 0
3 years ago
Rubina is the director of procurement at Baines Corporation. She plans to send a memo to the employees in her department outlini
Romashka-Z-Leto [24]

Answer: describe the bottom line of the policy changes at the beginning of the memo

Explanation:

The options to the question are:

a. describe the bottom line of the policy changes at the beginning of the memo.

b. include an apology at the end of the memo stating the inconveniences that could be caused due to the new policy.

c. present the rationale for the new policies at the memo's beginning.

d. highlight controversial issues, which could arise after the new policies have been implemented, in the memo.

From the question, we are informed that Rubina is the director of procurement at Baines Corporation and that she plans to send a memo to the employees in her department outlining some changes in the company's personnel policies as she believes that most of the employees will view the changes favorably.

Since she is of the opinion that most of the employees will view the changes favorably, she can describe the bottom line of the policy changes at the beginning of the memo. This is because she believes the memo will get a favourable audience. In a situation whereby she is not sure if it will be favourable, in the begining of the memo, she may have to offer and apology and tell them the rationale behind the memo before going into further details.

8 0
3 years ago
The phase of the business cycle that includes a period of decline in GDP and
Anarel [89]

Answer:

Contraction:

Explanation:

The contraction period is the time between the peak  (highest growth rate) and the trough ( the lowest growth rate).  At contraction, the GDP value declines from its peak to the lowest or negative growth rate. Contraction means a shrink in economic activities.

During contraction, the unemployment rate rising as employers lay-off workers due to reduced demand. Incomes and profits decline, and the GDP value decreases to low or negative values. The contraction period starts with a recession, which is a decline in GDP value for two consecutive quarters.

4 0
3 years ago
Read 2 more answers
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