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Oxana [17]
3 years ago
12

In practice, economists: agree about what the level of potential output is but disagree about what policies are appropriate. dis

agree about what the level of potential output is but agree about what policies are appropriate. agree about what the level of potential output is and about what policies are appropriate. disagree about what the level of potential output is and about what policies are appropriate.
Business
1 answer:
dsp733 years ago
8 0

Answer:

agree about what the level of potential output is but disagree about what policies are appropriate.

Explanation:

Economic science is plural and has different observational perspectives. In general, economists agree on the level of output because there are advanced statistical techniques that measure this value, so there is not much to dispute. However, the economic measures that must be taken are the subject of divergence. For example, some economists think the state should be an active agent in the market, while others think the stateless market is more efficient.

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Assume that on February 1, Procter &amp; Gamble (P&amp;G) paid $729,600 in advance for 2 years’ insurance coverage. Prepare P&am
Readme [11.4K]

Answer:

Journal entry on February 1:

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Credit Cash $729,600

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Debit Prepaid Insurance $729,600

Credit Cash $729,600

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Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of
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Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning =  $437,500

Accounts Receivable ending =   $500,000

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to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = \frac{437,500+500,000}{2}

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = \frac{468750}{3000000} × 365

Average Collection Period = 57.03

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