Answer:
wages and prices are often inflexible in the downward direction.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
Keynes believed that wages and prices are often inflexible in the downward direction.
In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.
Answer:
$4,050
Explanation:
Selling price is $135,000
Commission is 6 %
Actual commission 6/100 x 135,000
= .06x 135000
=$8100
Brokers gets 50 %, and the agent 50%
Actual amount= 50/100 x 8100
= 0.5x$8100
=$ 4050
The answer is A. to limit imports
Answer:
c) E6/E5 > 1.05
Option C is the correct option.
Explanation:
Data Given:
Year Actual Sales Cumulative Sales
1 77 77
2 58 135
3 78 213
4 40 253
5 42 295
6 44 339
7 74 413
8 83 496
The formula, we have to use in this question is:
c) E6/E5 > 1.05
Option C is the correct option.
Actual Sales/Previous Sales > (1+r)
r = 5%
r = 0.05
Actual Sales/Previous Sales > (1 + 0.05)
Actual Sales/ Previous Sales > (1.05)
Here, the sales were at least 5% higher than the previous year sales. Therefore, the correct formula here we need to enter in Excel Spread Sheet is "E6/E5 > 1.05"
Where, E is the name of the cell in the Excel Spreadsheet.
Answer:
-3
Explanation:
The computation of the tax multiplier is shown below:
Multiplier = MPC ÷ (1 - MPC)
where,
MPC = Marginal propensity to consume = -0.75
1 - MPC = 1 - marginal propensity to consume = 1 - 0.75 = 0.25
Now placing these values to the above formula
So, the tax multiplier is
= -0.75 ÷ 0.25
= -3
We simply applied the above formula of the multiplier and the same is to be considered to determine the tax multiplier