Answer:
a) the central bank would have to decrease the money supply which would decrease output.
Explanation:
In the case when the long run price would fall due to the reduction in the aggregate demand and there is a rise of short run aggregate supply so the central bank would have to reduce the money supply due to this it automatically reduced the output as it shows the direct relation between the money supply and the output
Therefore the correct option is a.
Answer:
Shortages of building materials and a slower recovery from the storm
Explanation:
From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.
From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from
people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials
Answer:
$206,000
Explanation:
Beginning inventory 10,000*9.2 $92,000
Purchases during the month (9000*8+ 6000*7) $114,000
Cost of Goods available for sale $206,000
Answer and Explanation:
The preparation of the balance sheet is as follows:
Assets
Accounts receivable $3,300
Cash $6,310
Supplies $3,880
Equipment (net) $109,800
Inventory $2,940
Total assets $126,230
Liabilities and stockholder equity
Accounts payable $4,100
Interest payable $580
Unearned service revenue $820
Salaries and wages payable $850
Notes payable $31,500
Common stock $50,400
Retained earnings (balancing figure) $37,980
Total Liabilities and stockholder equity $126,230
A major characteristic of a compressed workweek is that employees work within fewer number of days while still maintaining the same number of working hours. For example, a 5-day workweek with 8 hours of work can be compressed into 4 days with each day having 10 working hours. In this way, there will be an additional non-working day for the employees.
