In high or low income economies around the world.
B) a destination contract
(Plz give a thanks!)
The answer is
debit work in process inventory $212,000; credit factory wages payable $212,000.
The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.
<h3>What do you mean by monetary policy?</h3>
Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.
The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.
Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.
Learn more about Monetary policy here:
brainly.com/question/3817564
#SPJ1
Answer:
What is the steady-state value of the capital-labor ratio, k?
k = 16
Explanation:
Suppose that an economy has the per-worker production function given as follows:
yt = 5kt^0.5
where y = output per worker
k = capital per worker
k = sy - (n+d)×k
0 = s(5k^0.5) - (0.10+0.15)×k
0 = 0.20(5k^0.5) - 0.25k
0.25k = k^0.5
k^0.5 = 1/0.25
k^0.5 = 4
k^1/2 = 4
Taking square of both of the sides:
(k^1/2)² = (4)²
k = 16
