1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Agata [3.3K]
2 years ago
14

Suppose the economy is currently in short run macroeconomic equilibrium, with actual GDP bigger than potential GDP.

Business
1 answer:
krek1111 [17]2 years ago
5 0

Answer:

attached below

Explanation:

Given that the economy has its actual GDP > potential GDP

<u>A) using AD-AS to depict the situation </u>

attached below is the graph

The gap( Lf - L1 )  is called <em>inflationary gap </em>

x-axis <em>= </em>real GDP ,  Y-axis = price level,

AD = aggregate demand curve , S = short run aggregate supply curve

L = long run aggregate supply curve,

B) In the long run the<em> graph </em>will adjust to the full employment level

attached below is the graph

You might be interested in
Becca and Bob own a car rental business. Becca contributes 75 percent of the capital but does only 20 percent of the work, while
ale4655 [162]

Answer: Limited liabilities and partnerships

Explanation:

Limited liabilities mean that the partners within the firm are only liable to pay off their debts with the amount they had invested as capital in the company. Partnership is an agreement between certain number of partners to share the profit and loss of the company. In this case since there is a 50/50 allocation of profits and there are only 2 partners therefore, this is a limited liability partnership.  

4 0
2 years ago
An increase in the supply of grain will reduce the total revenue grain producers receive if.
Bogdan [553]

If the<u> demand curve is inelastic</u>, a rise in the supply of grain will result in a decrease in the overall income received by grain producers.

The ability of firms to enter and exit a market over time means that, in the long run, the supply curve is more elastic.

Two basic economic concepts are combined in the law of supply and demand to explain how shifts in the price of a resource, good, or service affect its supply and demand. As the price rises, supply increases while demand decreases. On the other hand, as the price falls, demand increases and supply becomes more limited.

The degree to which changes in price translate into changes in demand and supply is known as the product's price elasticity.

Basic consumer demand is comparatively inelastic, or less responsive to price changes.

Discover the long-term impact of population growth on supply and demand: brainly.com/question/13353440


#SPJ4

7 0
1 year ago
Following are interest rates (annual percentage rates) for a 30-year-fixed-rate mortgage from a sample of lenders in a certain c
aalyn [17]

Hey There!:

Sample Mean = 4.4823

SD = 0.1859

Sample Size (n) = 7

Standard Error (SE) = SD/root(n) = 0.0703

alpha (a) = 1-0.99 = 0.01

t(a/2, n-1 ) =  3.7074

Margin of Error (ME) =  t(a/2,n-1)x SE = 0.2606

99% confidence interval is given by:

Sample Mean +/- (Margin of Error)

4.4823 +/- 0.2606 = (4.222 , 4.743)

Hope this helps!

5 0
3 years ago
Assume that global cleaning service performed cleaning services for a department store on account for​ $180. how would this tran
mart [117]
The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180. 
An asset is a property or an equipment that is purchased for the purpose of business activities, examples of business assets include cash, equipment, buildings and inventory to vehicles and office furniture. In this case assets worth $180 increased (may be cash or bank, depending on the means of payment) and also an increase in equity.
5 0
3 years ago
Suppose a commercial bank has checkable deposits of $60,000 and the legal reserve ratio is 25 percent. If the bank's required an
MAXImum [283]

Answer: $30000

Explanation:

Based on the information given in the question, the required reserve will be:

= $60000 × 25%

= $15000

Since the bank's required and excess reserves are equal, then the excess reserve will be $15000.

Therefore, the actual reserves will be:

= Required reserve + Actual reserve

= $15000 + $15000

= $30000

6 0
2 years ago
Other questions:
  • Beene Distributing is considering a project that will return $150,000 annually at the end of each year for the next six years. I
    9·1 answer
  • Which information is found on a credit report?
    13·1 answer
  • Tom sold his home for $140,000 paying a 7% real estate commission. He bought the home for $45,000, paid $2,000 in closing costs,
    7·1 answer
  • A farmer believes that his new irrigation method would result in more crop yield than the old one. To test his theory, he applie
    8·2 answers
  • You are hired by the Chair of the Federal Reserve to manage the trading desk at the New York Fed and the Chair tells you that he
    13·1 answer
  • CodeDesk Inc matches programmers with freelance jobs. It has 35 employees who staff its online chat room. It receives, on averag
    7·1 answer
  • Which of the following is an example of cause-related marketing?
    8·1 answer
  • Can investing in your education or training make you even more likely to obtain and keep a job
    8·1 answer
  • Daily demand for a product is 200 units. the production lead time is 2 days. a 1-day safety stokc is kept. how many kanban conta
    5·1 answer
  • In almost every organization offering flexible work hour plans, the time of the day during which every employee must be at work
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!