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horrorfan [7]
3 years ago
15

In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level

in the economy deviates from the expected price level. Several theories explain how this might happen.
For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. Many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. The actual price level turns out to be 90. Faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. Sales from catalogs will _______, and firms that rely on catalogs will respond by _______ the quantity of output they supply. If enough firms face high costs of adjusting prices, the unexpected decrease in the price level causes the quantity of output supplied to ______ the natural rate of output in the short run.
Business
1 answer:
sertanlavr [38]3 years ago
5 0

Answer: a

Explanation :

a

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Consider the following data for a closed​ economy: Y​ = ​$12 trillion C​ = ​$8 trillion G​ = ​$2 trillion Spublic​ = ​$negative
Rufina [12.5K]

Answer:

B. S and I drop by ​$0.60 trillion.

Explanation:

We know that

Y = C + I + G

$12 trillion = $8 trillion + I + $2 trillion

$12 trillion = $10 trillion + I

So, I = $12 trillion - $10 trillion

       = $2 trillion

As the government purchases increase from $2 trillion to $2.60 trillion

and the rest of the things remain the same.  

So New I = $12 trillion - $8 trillion - $2.60 trillion

               =  $1.4 trillion

So, the difference would be equals to

= $2 trillion - $1.4 trillion

= $0.6 trillion

The $0.6 trillion reflect fall in the investment  

And the saving and the investment are equal to each other

Hence, the B option is the right answer

4 0
3 years ago
You have obtained a sub-sample of 1744 individuals from the Current Population Survey (CPS) and are interested in the relationsh
allochka39001 [22]

Answer:

Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.

First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.

20 + 10 +30 = 60

40 + 0 + 40 = 80

40 + 10 = 50

Then exchangeing these numbers into values and we have the following equation.

x + 2y + 3z = 60

2x + 4z = 80

2x + z = 50 so its easy

If you will solve them manually by substituting their variables into these equations, you can get

x = 20

y = 5

z = 10

Explanation:

4 0
3 years ago
Notren, Inc., a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to
enyata [817]

Answer:

Choice of forum clause.

Explanation:

In this scenario, Notren, Inc., a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren.

In the contract agreement, one of the terms of states; "Any disputes that arise under this contract will be resolved in the courts of Singapore."

Hence, this contract term is a choice of forum clause.

A choice of forum clause can be defined as a contractual provision in a contract in which the involved parties stipulates the place of jurisdiction, choice of arbitrators, conciliators, or group of arbitrator or conciliators for any lawsuit, litigations, arbitration, or conciliation arising from the particular contract. In this case, the place of legal jurisdiction is the court of Singapore.

Additionally, a contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law. Also, mutual assent is a legal term which represents an agreement by both parties to a contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

This ultimately implies that, both Notren Inc. and SWT are in a contract as a result of mutual assent between the two (2) parties.

7 0
3 years ago
Based on the graph below, if January and February are the two coldest months, what can you conclude about the selling of French
Over [174]
January and February are the 2 worst months to make a large profit by selling french fries. The most sold are during September and November. These months are much warmer than January and February.
7 0
3 years ago
Read 2 more answers
If the government wants to expand aggregate demand, it can ________ government purchases or ________ taxes.
Jobisdone [24]

If the government wants to expand aggregate demand, it can "rebate" government purchases or "cut" taxes.

<h3>What is aggregate demand?</h3>

The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.

Some characteristics of aggregate demand are-

  • The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
  • The correlation between output and all prices can be seen on an aggregate demand curve.
  • In the end, the aggregate demand curve slopes downward because it predicts a fall in real gross domestic product (GDP) as prices rise.
  • Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand.
  • When one of these variables changes but the overall supply stays unchanged, aggregate demand will alter.

To know more about the aggregate demand and aggregate supply model, here

brainly.com/question/16952735

#SPJ4

3 0
1 year ago
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