If the economy is at equilibrium above potential output, there is an inflationary gap, and contractionary fiscal policy is appropriate.
Answer:
The correct answer is: a decrease in the price of cattle.
Explanation:
Ranchers can raise either cattle or sheep on their land. They will choose the option which is most profitable. A decrease in the price of cattle will make it less profitable. So ranchers will prefer to raise more sheep.
This will cause the supply of sheep to increase. As a result, the supply curve will move to the right.
An increase in the demand for cattle will increase its price. Consequently, its supply will increase and that of sheep will decrease. An increase in the price of sheep feed will make it costly to raise sheep, so its supply will decrease.
An increase in the price of sheep will cause its quantity supplied to increase. The supply curve will remain the same.
The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Letter of credit is also called documentary credit or bankers commercial credit.
The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.
This document is usually a mode of payment used for the importation of visible goods.
In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
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The correct answer is the Public Company Accounting Oversity Board.
The Sarbanes-Oxley Act was enacted in 2002. It’s purpose was to protect investors and add additional oversight for corporations after a number of companies were caught up in accounting scandals and investors lost billions of dollars.
