Answer:
The jobs and economic growth in America depends on its trade and investment with the global market place. The export and import supports more than 39.8 million jobs, it means that each one person out of five.
The trade related jobs grew more than three times between 2004 to 2013. It exports more hundreds of billions of dollars to its customers in 234 countries outside America that consume US made goods and services. Foreign companies have invested and built facilities that employ more than 5.8 million workers. It clearly explains the importance of import and export for US economy.
Answer:
The correct answer is letter "B": Contractionary and counter the effect of the recession.
Explanation:
A Contractionary Strategy is a macroeconomic tool for slowing an economy. There are three (3) main ways to implement a contractionary policy in a country: <em>increase interest rates, increase reserve requirements, </em>or <em>reduce the money supply</em>. Those changes are enacted by the central bank which is the Federal Reserve (Fed) in the U.S.
In the case given,<em> if there is a need to adjust the budget of a country because of a recession, the Federal government has to implement a contractionary policy to mitigate the effects of the recession.</em>
No Decision have been made
<span>Aggregate supply (as) denotes the relationship between the total quantity that firms choose to produce and sell and the price level of the output, holding the price of inputs fixed. </span>Aggregate supply is the total supply of services and goods that identifies the economy plan of a nation in a specific period of time.
That statement is false.
Variable cost is the type of cost that incurred everytime a product is being produced. In flexible budget, the total budget will be adjusted to the amount of changes in volume or activity, which make the variable cost pretty much the same even though the activity is declined