B
https://quizlet.com/53136566/chapter-6-mcq-flash-cards/?i=1932f4&x=1jqY
Answer:
Check the explanation
Explanation:
Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.
This will reduce the cost of production of American Producers and would increase their profit-margin.
This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.
So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.
Kindly check the attached image below to see the required graph -
Answer:
Explanation:
Sales budget for may = 540
Sales budget for June = 670
Opening inventory for may = 190
Closing inventory for May = 155
Production in may =( 190+540)-155=575
Opening inventory in June = 155
Closing inventory = 165
Production in June = (155+670)-165=660
May material needs = 3(575+ (20%*660)
=3*707=2121 wheels
2121*24=$50,904
June material needs =3(660+(20%*640)
3*788=2364
2364*24=$56,736
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
Answer:
Higher prices.
Explanation:
Expansionary monetary policy seeks to grow the economy by increasing the money supply, lowering interest rates, and stimulating demand. As we know from the supply/demand curves, higher demand leads to higher price levels.