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mash [69]
3 years ago
13

Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes

, then in the short run, real GDP will:____.
a. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
b. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
c. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
d. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
Business
1 answer:
sergiy2304 [10]3 years ago
3 0

Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will

  • fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.

In the long run it may stay the same. But the Real GDP will definitely be lower.

Read more on brainly.com/question/15544413?referrer=searchResults

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Which of the following leadership behaviors would be considered task-oriented and aimed at maximizing output?which leadership mo
Brilliant_brown [7]

<u>Answer:</u>

<em>a. Initiating structure leadership behaviour</em>

<em>b. The leader-member exchange model</em>

Explanation:

Maximizing output and completing tasks is one of the main focus of initiating structure leadership behaviour because it analyses how a leader delegates tasks to subordinates while also been considerate to them.

In the leader-member exchange model two words that come to mind is trust and respect .

This leadership model explains that the way leaders (managers) treat their subordinates would affect how they behave at work.

4 0
3 years ago
Carlos is a salesperson for an industrial equipment company. Carlos calls on manufacturers and spends most of his time talking w
Andru [333]

Answer:

The correct answer is letter "A": Determining other purchase decision influencers.

Explanation:

While engaging prospective buyers into a purchase, salespeople should be aware of what the consumer is looking for. Different consumers have different preferences such as <em>price, brand, quality, technical features, </em>or <em>useful life</em>. Then, once the <em>purchase decision influencer</em> has been identified, clerks must focus on that characteristic to attempt closing the sale.

Thus, <em>Carlos must review his sales speech and pay special attention to what customers are looking for to determine which purchase decision influencer they are related to.</em>

5 0
4 years ago
The management of supply chain inventories focuses on: No Answer Selected
Dennis_Churaev [7]

Answer: both internal and external inventories

     

Explanation: In simple words, supply chain inventories refers to the  raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.

Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.

It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.

7 0
3 years ago
Hopefully you can help me out thank you
gregori [183]

Answer:

16. A 17. B

Explanation:

16. A budget for revenue and expenses shows estimated earnings and estimated costs. It is different from a capital expenditure budget, which shows which assets you are going to invest into for the long term.

17. Budgeting should be done prudently. One should understate when it comes to income and overstate when it comes to expenses, so as to not get losses in the future. It is better to make more profit then have more losses in the future

6 0
4 years ago
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on
dedylja [7]

Answer:

A)

MV = PY is stable. A growth in interest rate deportment inspection payments makes holding currency extra attractive, which enhance the demand for currency.

B)

The improved demand for currency, interest proportion growths declining the accessibility of currency thus declining the money velocity.  

MV = PQ Where M stand as the amount of money, V stands as the money velocity, P stands as price and Q stand for the Quantity output. This indicates that the request for currency is inversely related to velocity. As demand rises velocity declines.

3 0
3 years ago
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