Very often, failure to record a liability means failure to record an expense. The correct option is B.
What is a record of liability?When there is an increase in liability, it is generally recorded as a credit, and when there is a decrease or total closure, it is recorded as a debit. For example, if a company purchases from a supplier on credit, the corresponding liability, accounts payable, is credited while the asset received is debited.
Failure to record a liability frequently implies failure to record an expense. Expenses reduce income; however, this was not recorded in this case, so net income was not affected when it should have been. This will cause net income to be overstated.
Thus, the ideal selection is option B.
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when the government requires that a person have a license to work in a particular occupation, then in the labor market for that occupation: demand increases. supply increases. supply decreases. demand decreases.
The government requires that a person have a license to work in a particular occupation, then in the labor market for that occupation supply decreases. Thus, option C is correct.
What is a occupation?A job is all the tasks completed by a certain individual to carry out her or her duties, while occupation relates to the type of work done in a job. An occupation is just a group of jobs with enough similarities in the work they entail.
When the government mandates that even a person hold a licence in order to perform a specific job, the labor market supply for just that industry declines.
Therefore, option C is the correct option.
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use the blue line (circle symbol) to plot alex's budget constraint on the following graph. next, use the orange point (square symbol) to shade the area that represents combinations of juice and yogurt that are affordable for alex. finally, place the black point (plus symbol) on the point on alex's budget constraint that corresponds to a scenario in which alex spends $12 on each good. What does the slope of Gilberto's budget constraint represent?
-The cost of an additional box of cereal in terms of dollars
-The opportunity cost of an additional cup of coffee in terms of boxes of cereal
-The opportunity cost of an additional box of cereal in terms of cups of coffee
-The cost of an additional cup of coffee in terms of dollars
Suppose Gilberto receives $8 from his grandmother and decides to dedicate this money to buying more coffee and cereal.
Using the green line (triangle symbol), draw Gilberto's new budget constraint on the previous graph.
True or False: Gilberto faces the same tradeoff between coffee and cereal.
The social costs of buying an extra gallon liquid juice in yogurt cartons. True, Andrew must now choose between yogurt and juice.
What is the sentence of affordable?In order to resurrect the ownership revolution, we need more accessible houses for people to purchase. There weren't many options for affordable housing at the time. The pair looked for an economical option for hours. We offer designer clothing at reasonable pricing.
How do you know if something is affordable?A product or service that is reasonably priced will fit most people's budgets. That term "budget" in this context refers to how much money is accessible or set aside for purchases. Our budget is $17,000, therefore if a vehicle costs $20,000, I can buy it.
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when output is greater than the economy's long-run capacity, which of the following is most likely to occur? group of answer choices a reduction in the general level of prices an abnormally high rate of unemployment increases in real interest rates and real resource prices a reduction in imports
When output is greater than the economy's long-run capacity, increases in real interest rates and real resource prices a reduction in imports.
An economic indicator of the discrepancy between an economy's actual and prospective output is the output gap. The maximum amount of products and services that an economy can produce while it is operating at maximum efficiency, or capacity, is known as potential output. Potential output is often known as the economy's production capability.
The production gap has two possible directions: positive and negative, similar to how GDP can increase or decrease. Neither is perfect. When real output exceeds production at full capacity, an output gap is present. This occurs when demand is extremely high and factories and workers are operating well above their most productive capability to meet the demand. When actual output is lower than expected, the output gap is negative.
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The wage gapâ€""the level of women’s income relative to that of menâ€""is currently a. even. c. 10 cents to the dollar. b. two dollars to one. d. 75 cents to the dollar. please select the best answer from the choices provided a b c d
The wage gap, or the difference between the earnings of men and women, is currently 75 cents on the dollar.
How much of a wage difference do men and women currently have?In fact, the most recent analysis by Gould showed that advancement has been at a standstill for more than 20 years: Women made about 80 cents for every dollar earned by men in 2021 after adjusting for differences in education, age, area, race, and ethnicity, which is not much different from the roughly 77 cents they made in 1994.
Why are women paid less than men?According to research, a large portion of the pay gap between men and women can be attributed to time away from the workforce, occupational clustering, and the time requirements of jobs. The gender wage gap is a result of a number of factors, including discriminatory practices.
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a mutual fund: multiple choice is insured by the fdic. is a way of investing in a single stock. offers safety through diversification because a loss in one investment may be offset by gains in other investments within the fund. is professionally managed so investors need not monitor fund results. is not an investment that is increasing in popularity.
A mutual fund offers safety through diversification because a loss in one investment may be offset by gains in other investments within the fund. A mutual fund is a collection of funds that is professionally managed by a fund manager.
A mutual fund is a type of financial instrument that combines investor capital with a single investing goal. Depending on the goals of the scheme, it subsequently investment the funds in different asset classes including equities and bonds. These investments are made on behalf of the investors by an asset management company (AMC). Anyone wishing to diversify their portfolios may find mutual funds to be a beneficial investment. Find out if investing in mutual funds is the right choice for you. Mutual funds provide convenience and diversification.
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lenci corporation manufactures and sells a single product. the company uses units as the measure of activity in its budgets and performance reports. during may, the company budgeted for 5,270 units, but its actual level of activity was 5,220 units. the company has provided the following data concerning the formulas used in its budgeting and its actual results for may: data used in budgeting: fixed element per month variable element per unit revenue 0 $ 41.30 direct labor $ 0 $ 7.20 direct materials 0 17.40 manufacturing overhead 43,200 3.00 selling and administrative expenses 24,400 1.90 total expenses $ 67,600 $ 29.50
Based on the information given the revenue variance for May would be closest to: $2,170 U.
Using this formula
Revenue variance=Estimated revenue- Actual revenue
Where:
Estimated revenue=$197,810
Actual revenue=($39.60×5,050)
Let's plug in the formula
Revenue variance= $197,810 - ($39.60×5,050)
Revenue variance=$197,810 - $199,980
Revenue variance= $2,170 U
In conclusion, the revenue variance for May would be closest to: $2,170 U.
A company is a prison entity shaped by means of a group of individuals to engage in and function as a commercial enterprise—business or business—organization.
A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
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the amount a business borrows and for how long depends on which of the following? (select all that apply) multiple select question. the type of business and industry it is in the length of the long term forecast how quickly it can resell the merchandise it purchases with the funds the projection of the economic recovery
The amount and length of time a business borrows depends on how quickly it can resell the merchandise purchased with the funds, as well as the type of business and industry.
An industry is a branch of an economy that produces a closely related set of raw materials, goods, or services, according to macroeconomics. For example, the wood industry or the insurance industry could be mentioned.
The industry is a significant source of new job creation. Despite the country's economic crisis, with the industry suffering the most, it continues to play an important role in the country's development.
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when one investor receives cash flow to achieve a certain irr before splitting the remaining cash flow it is referred to as:
Whilst one investor gets coins waft to obtain a certain IRR earlier than splitting the closing coins waft it's far referred to IRR preference
What is the inner charge of return (IRR)?
According to the inner charge of return (IRR) criterion, a mission or funding must be undertaken if its IRR is better than the hurdle charge, that's the minimal required charge of return.
While agencies generally adhere to the suggestions made with the aid of using the inner charge of return (IRR) rule, different factors, consisting of the mission's scale and whether or not it helps the company's normal method or goals, may also have an effect on management's choice to transport ahead with a low-IRR mission.
According to the inner charge of return (IRR) criterion, a mission or funding must be undertaken if its IRR is better than the hurdle charge, that's the minimal required charge of return.
The IRR Rule aids agencies in figuring out whether or not to transport on with a mission or not.
If a mission gives different, much less apparent benefits, a company won't be required to strictly adhere to the IRR criterion.
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Which of the following is not a way that internet travel intermediaries are preparing for increased competition
although standard and poor's composite index contains a limited number of u.s. publicly traded stocks, the index represents:
Approximately 75% of U.S. stocks traded, in market value.
What is Market value?Market value is the estimate that the financial industry makes of a certain equity or firm, or the price at which an asset would trade on the open market. A publicly listed company's market capitalization, which is determined by dividing the number of outstanding shares share price, is also sometimes referred to as market value.
Since the market prices of exchange-traded instruments, like stocks and futures, are widely known and easily accessible, it is easiest to ascertain market value for these types of instruments. However, it can be more difficult to ascertain market value for over-the-counter instruments, like fixed income securities.
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If goods A and B are complements, then an increase in the price of good A will result in more of good A being sold more of good B being sold less of good B being sold no change The law of supply states that, other things equal, when the price of a good falls, the supply of the good rises rises, the quantity supplied of the good rises rises, the supply of the good falls None of the above What would happen to the equilibrium price and quantity if coffee shops began using a machine that reduced the amount of labor necessary to produce coffee?
If coffee shops began using a machine that reduced the amount of labor necessary to produce coffee The equilibrium price would decrease, and the equilibrium quantity would increase
A market-clearing price, also referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or vendor is free to move as many units as they like, and the customer is free to access as many units as they like.
When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
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would you expect revenue to increase or decrease in fy16 compared with the prior year? what specific factors influence your expectations?
The relative size of two numbers taken from a company's financial statements is the subject of ratio analysis. To evaluate the overall financial health of corporations and other organizations, numerous common measures are employed.
What factors can affect what individuals expect?Customers' preferences, needs, and even purchase patterns can have a big impact on what people expect. For instance, millennial customers may favor online buying and online payment because they are constantly connected to the Internet.
How do our opinions change based on our expectations?Studies have shown for many years how expectations impact how we perceive the world. These expectations, which are often referred to as "prior beliefs," assist us in interpreting the present based on comparable past experiences.
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a production system in which actual downstream demand sets off a chain of events that moves material through the various process steps is the definition of?.
In a pull system, material is moved through various stages of the production process as a result of actual downstream demand setting off a series of events.
Describe a pull system.The goal of the pull system is to reduce waste in the production process. In this type of system, components used in the manufacturing process are only replaced after they have been spent, enabling enterprises to manufacture only the quantity of goods necessary to meet consumer demand.
An excellent example of a pull system is just-in-time manufacturing. The fundamental principle of JIT is to arrange the process so that materials arrive at the plant precisely when production is scheduled to start and manufacturing is scheduled to be finished precisely when the goods should be dispatched to the customer.
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mystery shoppers are always trained observers who sporadically sample the service and its delivery. t/f.
Mystery shoppers are always trained observers who sporadically sample the service and its delivery is false.
Of the various making plans strategies available, 4 fundamental ones are generally used to increase an in-depth plan for handing over the visitor experience. The equipment is blueprinting, the widely wide-spread carrier map, fishbone analysis, PERT/CPM, and simulation.
The layout day and the capability day are each principle utilized by groups to expect visitor demand. Any waiting-line version have to consist of the quantity of visitors arriving and the way lengthy it takes to serve visitors.
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jim invests as a limited partner in xyz partnership (his only activity) and pays $150,000 for a 10% interest. he receives a k-1, which allocates an $80,000 loss to him. how much of his loss is suspended under the passive activity rules?
$80,000 (Limited to his $80k loss since it's not greater than his $150k basis).
the first essay, "Signature occasion Context," is about J. L. Austin's concept of the illocutionary act outlined in his how to Do things With phrases.[1] the second essay, "restrained Inc a b c...", is Derrida's reaction to John Searle's "respond to Derrida: Reiterating the differences," which criticizes Derrida's interpretation of Austin. The book concludes with a letter via Derrida, written in response to questions posed by using Gerald Graff in 1988: "Afterword: towards an Ethic of discussion".
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is the decision to adopt single-serve coffeemakers likely to follow the high-effort or low-effort hierarchy of effects? explain your answers.
High-effort effect hierarchy A purchase of an invention that requires significant decision-making work. Innovation An offering that consumers view as a novel within a market category that has an impact on current purchasing habits. Thus, the correct choice is a high effort.
What distinguishes the high-effort impact hierarchy from the low-effort effect hierarchy?A high-effort hierarchy of effects shows extensive investigation to learn more about the product and its advantages. Low effort hierarchy denotes persons who do not spend much time researching product qualities. The advertising would have less of an impact on the high-effort group than on the low-effort group. The hierarchy of effects paradigm is divided into three key stages: cognitive (awareness, knowledge); emotive (liking, preference, conviction); and behavioral (action) (purchase).
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Assume the government reduces its spending and raises income taxes in an effort to reduce the budget deficit. The most likely short-run result will be an increase in
unemployment
The most likely short-run result will be an increase in unemployment. When someone actively seeks job but is unable to do so, this is referred to as being unemployed.
When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labor force by the number of jobless people.
Numerous governments provide unemployment insurance to certain unemployed people who meet the criteria.
Fiscal policy that is contractionary is what this is. The government may raise tax rates in order to cut spending overall. As more money is taken in taxes, there is less left over for spending, which lowers inflationary pressures. Less spending by the government would have the same effect.
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a/an identifies the differences between where the organization is with its employee capabilities and where it needs to be.
Identify the difference between the state of your organization with people skills and the need for a gap analysis.
In the management literature, gap analysis involves comparing actual performance to potential or desired performance. If a company does not make optimal use of its available resources or does not invest in capital and technology, it may produce or operate below its ideal potential.
For example, if a company wants to launch a marketing campaign to improve its reputation or apply for a loan, it will conduct a market gap analysis to determine the impact on the local economy and use that data to inform the campaign or loan. Can be used as part of the application.
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when johnny mack, manager of jack-mack enterprises, realized his plan to increase sales levels among associates was not producing the results he desired, he took measures to make necessary adjustments. mack was exercising which management function primarily?
Mack was exercising controlling management function primarily. Thus, the correct option is D.
What is management function?At its most basic level, management consists of five general tasks: organizing, staffing, mentoring, and managing. Management has been described as the social process that entails responsibility for the economic and efficient planning and regulation of a firm's operations to achieve stated goals. Planning, organization, staffing, directing, coordinating, reporting, and budgeting are his seven functions of management, or his POSDCORB as further defined by Fayol's successor Luther Glick.
The manager's job is to provide general direction and guidance to everyone's actions in order to achieve the goals of the organization. Improving productivity through effective planning, organizing, managing, and directing Management contributes to increased efficiency in a company.
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early theories of business cycles assumed that economic fluctuations had a pendulum-like structure with systematic swings in economic growth. which property of economic fluctuations do these early theories contradict?
Limited predictability property of economic fluctuations do these early theories contradict.
Economics is the look at of scarcity and its implications for the usage of assets, production of goods and services, boom of production and welfare over time, and a excellent sort of other complicated troubles of crucial concern to society.
Economics is the social technological know-how that studies the manufacturing, distribution, and consumption of goods and offerings. Economics makes a speciality of the behaviour and interactions of economic retailers and the way economies work.
On the most fundamental degree, economics attempts to provide an explanation for how and why we make the shopping alternatives we do. four key monetary standards—scarcity, deliver and call for, charges and advantages, and incentives—can assist explain many decisions that humans make.
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a u.s. treasury bill with 97 days to maturity is quoted at a discount yield of 1.59 percent. assume a $1 million face value. what is the bond equivalent yield?
The equivalent yield for 97-day US Treasury bills is 1.59%. Assume a face value of $1 million 0.01619 or 1.619% is the bond equivalent yield.
Bond equivalent yield = [365(0.0159)] / [360 − (97)(0.0159)]
Bond equivalent yield = 0.01619 or 1.619%
So the equivalent yield is the weighted average yield. This is the cash flow internal rate of return used for term and reverse. Note that these cash flows reflect current rental values and are not inflated for growth.
The bond equivalent yield formula is calculated by dividing the difference between the par value of the bond and the purchase price of the bond by the price of the bond. Then multiply this result by 365 and divide by 'd'. This represents the number of days remaining until the bond matures.
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The objective of a(n) _______ system is to reduce costs by integrating all of the operations of a firm.
?A) MRP
B) ERP
C) JIT
D) VMI
An ERP system's goal is to lower costs by integrating all of a company's operations.
What is reduce cost?Cost reduction is the procedure of lowering a business's expenses in order to increase profits. It entails locating and eliminating expenses that don't benefit customers in any way, as well as streamlining operations to increase productivity. Cost-cutting efforts frequently concentrate on producing quick financial gains. Closing facilities, streamlining the supply chain, downsizing to a smaller office or moving to a less expensive building or region, lowering or eliminating outside professional services, such as advertising agencies and contractors, are just a few examples of cost-cutting techniques that can be used.
Why is it important to reduce costs?Effects of Cost Cutting
Cost-cutting boosts profitability, but only if sales volumes and pricing are the same. The company can be obliged to drop pricing in order to maintain the same level of sales if cost savings lead to a decline in the quality of its products.
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life cycle costing can be used to justify the acquisition of expensive equipment on the basis of lower operating costs over the life of the asset.
The stated statement is True in light of the query. With lower operating expenses over the asset's lifespan, the life cycle cost can be used to support the purchase of pricey equipment.
Which asset do you mean?
A resource having economic worth that a person, business, or nation possesses or controls the with hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are classified as ongoing, fixed, pecuniary, and intellectual.
What are the three different categories of assets?
Current, non-current, tangible, intellectual, operating, and non-operating assets are examples of common asset kinds.
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When evaluating manager performance of an international business, the text lists several items that should be allowed for since managers would have no control over them. Which three items are included in that list?.
The three items included in that list are:
Rates for interest, transfers, and taxes. Exchange rates and inflation rates are some examples.
Three exchange rates that can be utilized when converting other currencies into the company currency for the purposes of creating budgets and afterwards monitoring performance. Initial rate, anticipated rate, and ending rate are the three rates.
The aforementioned assertion is true based on comparable inflation rates and currency rates. If businesses borrow money from nations with low interest rates, the potential advantages from the reduced cost of borrowing will probably be outweighed by the costs associated with a rising currency.
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the act that specified that workers have a right to organize unions and that management must give them a fair chance to do so is known as the:
'the act that specified that workers have a right to organize unions and that management must give them a fair chance to do so is known as the National Labor Management Relations Act of 1935.
The National Labor Relations Board is an independent agency of the U.S. federal government responsible for enforcing U.S. labor laws regarding collective bargaining and unfair labor practices.
The National Labor Relations Board is an independent federal agency that protects the right of private sector workers, unionized or not, to associate to improve wages and working conditions.
The NLRA protects workplace democracy by giving workers in private sector workplaces the fundamental right to seek better working conditions and representation without fear of reprisal.
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what benefits will you mention to your supervisor? check all that apply. im allows for the speedy recovery of lost documents. im enables real-time communication anywhere in the world. im is a convenient alternative to the telephone.
Similar to a text phone call, instant messaging (IM) enables real-time communication. Your boss is thinking about enabling you and your employees to utilize instant messaging.
What advantages do instant messaging have?Without any delays like those involved in email communication, instant messaging enables you to communicate with others instantly. You can start a right away as long as the other person is present, making communication speedier and more effective.
What benefit does instant messaging (IM) have over email?Instant messaging solutions provide communications instantly, as the name suggests. With a few clicks, may interact easily and swiftly. With instant messaging, you can speak freely while other employees might find it difficult to write formal emails.
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By displaying activities that have slack, a _________ can help speed the completion of an entire project by directing resources to critical activities.
Multiple Choice
flow chart
Punnett square
Gantt chart
PERT chart
A PERT chart can help speed up the completion of a project by directing resources to essential activities by displaying activities with slack.
What is the purpose of a PERT chart?
A project management tool used to schedule, organize, and coordinate project tasks is the PERT chart, also known as a PERT diagram.It gives project managers a graphical representation of the timeline of a project, allowing them to analyze each project task individually.
At the project level, how can PERT assist?
A project management planning tool known as the Program Evaluation Review Technique (PERT) is used to estimate how long it will take to successfully complete a project.Project tasks are planned using PERT charts, which make it easier to schedule and coordinate team members.
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which major economic problem has been faced by many latin american nations throughout their histories?
Many Latin American nations have faced the major economic problem of lack of capital for industrial development throughout their history.
Given that the increase in inflation has an unequal effect on the people, poverty and inequality continue to be major issues. The region's most disadvantaged populations are still working to recover from the pandemic's economic effects while being severely impacted by the rise in the cost of essential foods and energy.
Agriculture and mining are the two primary economic sectors in Latin America. Large tracts of land in Latin America are abundant in minerals and other raw resources. Furthermore, Latin America's tropical and temperate temperatures are perfect for cultivating a wide range of agricultural goods.
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The ___ is the largest U.S. electronic stock trading market
Answer: The New York Stock Exchange (NYSE).
The New York Stock Exchange (NYSE) is the largest electronic stock trading market in the United States.
Established in 1792, it is the world's largest stock exchange by market capitalization. The NYSE lists more than 2,400 companies from around the world and has a total market capitalization of more than $20 trillion.
In order to be listed on the NYSE, companies must meet certain financial and operational standards that are set by the exchange. Companies must also pay listing fees to the NYSE and are subject to ongoing reporting and disclosure requirements. The NYSE also enforces rules that govern how companies can issue new shares of stock, as well as how they can repurchase shares of their own stock.
The NYSE is an electronic stock exchange, meaning that all transactions are executed electronically. It uses a continuous auction market, which means that orders are matched in real time. The NYSE has two trading floors in New York City, as well as a global network of electronic trading platforms that allow investors to trade stocks around the world.
The NYSE is regulated by the Securities and Exchange Commission (SEC). The SEC sets standards for how the exchange operates and enforces rules that protect investors from fraudulent or manipulative activities.
The NYSE is also a member of the Financial Industry Regulatory Authority (FINRA), which is responsible for ensuring that all investors receive fair and equitable treatment.
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suppose that in a new classical model the public anticipates that policymakers will increase aggregate demand. however, aggregate demand increases by less than what the public anticipated. the result in the short run is that real gdp and the price level .
Suppose that in a new classical model the public anticipates that policymakers will increase aggregate demand. however, aggregate demand increases by less than what the public anticipated. the result in the short run is that real GDP decreases and the price level increases.
Policymaker is a broad term that covers all of the humans responsible for formulating or amending the policy. At a countrywide degree inside the united kingdom, this includes Ministers, their advisers, civil servants, officially appointed leader clinical Advisers, Parliamentary Committee participants, MPs, Lords, and all of their advisory staff.
Someone who's liable for or involved in developing plans of action for a political party, enterprise, and so forth. Policymakers must remember the proof of the regulation's capability financial impact.
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