According to keynesianism, as more items are being made, what happens to prices?

Business

2 answers:

kupik [55]2 years ago

5 0

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

Explanation:

Keynes advocated that an increased government expenditures and lower taxes can stimulate demand and it can pull the global economy out of the depression.

Keynesians believe that, because prices are somewhat rigid, fluctuations in any component of spending like consumption, investment, or government expenditure will cause the output to change. If government spending increases, for example, and all other spending components remain constant, then output will increase.

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

never [62]2 years ago

3 0

<h2>As more items are being made, the price increase</h2>

Explanation:

According to keynesianism, the theory mainly talks about the increasing the economic value.

The economic value gets increased when there are more buyer and seller. So there will be more buyer and seller only if the market is active.

The market will be active if the product is in demand. So hence the productivity of product increases when the demand for that product increases and when the demand increase automatically the price gets increased and thus the economic value gets boosted up.

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Texas Plating Company reported a cost of goods manufactured of $524,000, with the firm's year-end balance sheet revealing work i

Alborosie

Answer:

Beginning WIP= 122,000

Explanation:

Giving the following information:

Cost of goods manufactured= $524,000

Ending work in process= $79,000

Raw materials used in the production of $89,000

Direct labor of $145,000

Manufacturing overhead of $247,000

To calculate the beginning work in process we need to use the cost of goods manufactured formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000

Beginning WIP= 122,000

8 0

3 years ago

A supply curve shows the relationship between the ______ and _____ when all other influences on selling plans remain the same.

adelina 88 [10]

Answer:

Price

Quantity supplied

Explanation:

The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.

The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.