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3 years ago

If the economy is at potential output, and the Fed _ the money supply, in the long run, the price level will likely _.

Business

1 answer:

serg [7]3 years ago

4 0

Answer:

If the economy is at the potential output and the Fed increases the money supply, in the long run real GDP will likely remain the same.

Explanation:

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DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b

Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0

3 years ago

On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal year

Anarel [89]

Answer:

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

Explanation:

Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co

Based on the information given the journal entry for July 1 will be :

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

(Being to record Unearned Service Revenue )

Based on the information given the Journal entry for December 31,2020 will be :

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

[ ( $14,400 / 36 Months) * 6 ]

(Being to record Service revenue earned)

Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.

3 0

2 years ago

Which of the following actions would an entity most likely take to hedge an investment in a foreign operation?A. Invest in the d

Masja [62]

Answer:

the answer would be C . Invest in the debt securities of another foreign entity with the same foreign currency as the operation being hedged.

Explanation:

8 0

3 years ago

What type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impa

Sergeeva-Olga [200]

Answer: qualitative

Explanation:

Risk assessment is used in identifying hazards which are likely to result in harm and then determining the appropriate methods to remove such hazard or curtail it.

The type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impact is the qualitative risk assessment.

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3 years ago

To promote economic growth countries would most likely act so that inflation

kipiarov [429]

To promote economic growth, countries would most likely act so that inflation : Remain at low level.

High inflation could potentially rise the average prices of the products within the country. In order to grow, people have to able to sustain a strong financial condition, so a condition where average prices is low is far more favourable.

hope this helps

4 0

3 years ago

If the economy is at potential output, and the Fed _____ the money supply, in the long run, the price level will likely _____.

If the economy is at potential output, and the Fed _ the money supply, in the long run, the price level will likely _.