ob topics typically relate to the individual, team and organizational levels of analysis.
Answer:
The right answer is C.
Explanation:
In an economic model, economic processes of a set of related variables are represented, they present arguments to justify economic policy at the national level, influence business strategies and provide economic advice to households.
Helping the correct allocation of resources both public and business management.
Answer:
Long run real GDP will remain unchanged.
Explanation:
The increase in personal taxes (-$20 billion) would offset any increase in real GDP generated by the increase in private consumption ($20 billion). Nominal GDP can be affected and increase by $20 billion, but the effect would be given by an increase in general price level (inflation), not by an increase in real money.
Answer:
Option B It presents variable cost as a slope coefficient
Explanation:
The reason is that the total cost function is:
Y = a + bx
The total cost in this case is Y, a is fixed cost as an intercept, b is variable cost represented as an slope and coefficient and x is level of activity which is independent of Y.
So the right answer is option B.
