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Phantasy [73]
2 years ago
15

g Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your an

swers to 2 decimal places. Enter your answers as positive numbers. In part b, enter your answers as whole numbers. a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion
Business
1 answer:
Klio2033 [76]2 years ago
7 0

Answer: $5 billion

Explanation:

First find the spending multiplier which is a multiplier that shows how Aggregate demand increases as a result of additional spending.

Multiplier = 1 / (1 - Marginal propensity to consume)

= 1 / ( 1 - 0.8)

= 5

If the government wants to raise Aggregate demand by $25 billion, they should spend:

Increase in AD = Amount * Multiplier

25 billion = Amount * 5

Amount = 25 / 5

= $5 billion

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Brainstorm a list of 10 action verbs. Use each of the action verbs to create a statement illustrating your qualifications.
KiRa [710]

Answer:

advocated

accelerated

authored

built

clarified

collaborated

composed

contributed

convinced

coordinated

critiqued

cultivated

decreased

diagnosed

educated

emphasized

edited

elected

enlisted

introduced

interacted

integrated

researched

Earned

Presented

Explanation:

I authored an article on Chemical process mixing unit operation.

I researched how others presented information.

I collaborated with team to identify learning goals.

I built the models and performed the simulations.

I generated and analyzed the results from the experiment.

I prepared a detail research report.

I presented the report to the research team

I earned a good recommendation for my PhD qualification.

6 0
3 years ago
Read 2 more answers
Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 2 c
vfiekz [6]

Answer:

$21,450

Explanation:

In March,

Total direct labor hours required:

= Production budget × Direct labor hour required per unit

= 2,000 × 0.5

= 1,000 hours

Total direct labor cost = Total direct labor hours required × Direct labor hour per rate

                                     = 1,000 hours × $13

                                     = $13,000

In April,

Total direct labor hours required:

= Production budget × Direct labor hour required per unit

= 1,300 × 0.5

= 650 hours

Total direct labor cost = Total direct labor hours required × Direct labor hour per rate

                                     = 650 hours × $13

                                     = $8,450

Combined direct labor cost = $13,000 + $8,450

                                              = $21,450

6 0
3 years ago
Google CEO, Larry Page, announced to the media that Google , its social networking site, gained 10 million users its first 2 wee
Alexandra [31]

Answer:

Leading

Explanation:

Leading is the management function that aims to motivate employees to achieve organisational goals. There are 3 basic components of leading: motivating, influencing, and forming effective groups.

By stating the achievements of the Google team in getting 10 million new users in their first two weeks, Larry Page is highlighting the effectiveness of the Google team and this will motivate them to achieve more.

4 0
3 years ago
The basic principle involved with expense recognition is____________.a. The business will continue to operate indefinitely unles
valkas [14]

Answer:

The correct answer is letter "D": All costs that are used to generate revenue are recorded in the period the revenue is recognized.

Explanation:

According to the basic matching principle, revenues and the expenses necessary to obtain those revenues must be recorded during the same accounting period. This is part of what constitutes the accrual basis method of accounting that states expenses and revenue should be recognized when incurred not when cash is received.

7 0
3 years ago
Read 2 more answers
Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
tekilochka [14]

Answer:

Explanation:

In this question, we apply the lower of cost or market (LCM) rule which is shown below:

For Product 1

The Cost is $20

And, the market value = Selling price - selling cost - normal profit margin

                                     = $40 - $6 - $5

                                     = $29

So, the lower value would be $20

For Product 2

The Cost is $90

And, the market value = Selling price - selling cost

                                     = $120 - $40

                                     = $80

So, the lower value would be $80

For Product 3

The Cost is $50

And, the market value = Selling price - selling cost - normal profit margin

                                     = $70 - $10 - $12

                                     = $48

So, the lower value would be $48

In the product 2, the replacement cost is 85 and the market value without considering the normal profit margin is $80 which is less than the replacement cost that's why we do not take the normal profit margin

5 0
3 years ago
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