Answer: Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be relatively higher and real GDP to be relatively higher.
Explanation: The expansionary monetary policy - a central bank uses their tools to stimulate the economy. A central bank pay increase the supply of money, lower interest rate and help increase demand. Real GDP (gross domestic product) is adjusted for inflation to show the value of all goods and services that an economy produced in any given year.
The
invention and rapid diffusion of more productive agricultural
techniques during the 1970s and 1980s is called the Green Revolution. The Green Revolution involves introduction <span>of new higher-yield seeds and the expanded use of fertilizers. These are the two main practices of the Green revolution.
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Answer:
The standard hours allowed for May production would be 2,250 hours
Explanation:
In order to calculate the standard hours allowed for May production we would have to calculate the following formula:
Standard Hours allowed = actual Units / Budgeted units * Budgeted Labour Hours
actual Units=900
Budgeted units=1,000
Budgeted Labour Hours=2,5000 hours
Therefore, Standard Hours allowed =900/1,000 * 2,500 = 2,250 Hours
Standard Hours allowed = 2,250 Hours
The standard hours allowed for May production would be 2,250 hours
<span>A price ceiling would exist on items like the rent for apartments, which some municipalities would place on landlords as a way of making sure people find affordable housing. By setting the price at a maximum, the government has imposed a ceiling above which it is illegal to charge.</span>