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Annette [7]
3 years ago
5

Consider a two-good world: good x and good y. The ICC (income consumption curve) between good x and good y has a negative slope

and the Engle curve of good x has a positive slope. Which of the following statements is false?
a. Good x is a normal good.
b. Goody is an inferior good.
c. The Engle curve for good y has a negative slope.
d. The income elasticity for good y is negative.
e. none of the above.
Business
1 answer:
Art [367]3 years ago
6 0

Answer: none of the above.

Explanation:

The Engle curve shows the relationship that takes place between the income of a consumer and the quantity of a particular good purchased.

From the question we are informed that the income consumption curve between good x and good y has a negative slope, this implies that good Y is an inferior good and that it has a negative income elasticity.

Also, since the Engle curve of good X has a positive slope, it implies that good X is a normal good.

Therefore, the answer to the question is "none of the above" as all options are true.

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sergey [27]

Answer:

Have an expansionary monetary policy (shift LM curve to the right)

Explanation:

See the graph attached. If the IS curve shifts to the left, there will be a new IS curve- The IS'. If the Fed wants to keep the output level (Y) unchanged, then it has to shift the LM curve to the right, to LM', so that the Y point (output level) in which the IS matches the LM stays the same (Y*).

Shifting the LM curve to the right, it means to have an expansionary monetary policy, which means to expand the quantity of money in the economy. This is done, for example, by decreasing the discount rate or reducing the reserve ratio.

3 0
4 years ago
If D1 = $1.25, g (which is constant) = 4.7%, and P0 = $26.00, what is the stock's expected dividend yield for the coming year?
Andre45 [30]

Answer:

the expected dividend yield is 4.81%

Explanation:

The computation of the stock expected dividend yield is shown belo:

Stock expected dividend yield is

= Dividend ÷ Price

where,

Dividend is $1.25

And, the price is $26

Now place these values to the above formula

So, the expected dividend yield is

= $1.25 ÷ $26

= 4.81%

Hence the expected dividend yield is 4.81%

4 0
4 years ago
Outlines five roles of the safety and health representatives by securing the work environment
irakobra [83]

Answer:

employee training; protection for workers from potential hazards; and communication about hazardous accidents, should they occur.

Explanation:

7 0
4 years ago
Due to recent political and economic events, general prices of goods and services are expected to increase significantly over th
melomori [17]

Answer:

a. Inflation

Explanation:

In the context of economics, inflation refers to the increase in the price of goods and services

Moreover,  we also know that

(1 + Nominal rate of return) = (1 + real rate of return) × (1 + inflation rate of return)

According to the given situation, it is mentioned that The general goods and services prices are expected to rise substantially over the next five years which represents the concept of inflation

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5 0
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umka2103 [35]

Answer:

<em>Technology </em>Spillover

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Technology spillover applies to both the unintended technological capabilities for companies which emerge from several other companies ' research and development efforts without sharing the expenses.

Companies from Cronje Republic have taken the research and development capabilities of Bricklanes Inc. without sharing the benefits.

Technology spillover through leading companies emerging from advanced economies to companies in emerging economies is projected to be particularly powerful.

4 0
3 years ago
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