Answer: (a) -0.1412
(b) 0.4941
Explanation:
Q = 11 - 2P + 3Ps
Where,
P - price of the product
Ps - price of a substitute good
Ps = $2.80
P = $1.20
= 
= -0.1412
= 
= 0.4941
Answer:
A. Contractionary fiscal policy
B. Left
Explanation:
When the economy is growing too fast and the inflation is high, Contractionary fiscal policy should be pursued. Contractionary fiscal policy entails either government increasing tax or reducing its spending or both.
When taxed are increased, the household disposable income will be reduced, households will have lesser money to spend and also the business profit will be reduced and this will lead to reduced investments. This policy will relax the aggregate demand and ultimately the interest rate.
Since the aggregate demand will reduce after pursuing this policy, aggregate demand will shift to the left
Answer:
The correct answer is "Journal entries passed in the journal".
Explanation:
- Posting throughout ledger has always been decided to make from transactions throughout the journal passed across.
- This becomes important to keep in mind that almost every entrance in something like a journal would also have to be commented on among all transactions debited or otherwise given credit throughout the entry to something like the journal.
