based on the graph, if the economy starts from a short-term equilibrium at d, then the long-run equilibrium will be at ____, with a _____ price level.
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If the economy starts from a short-term equilibrium at point D, then the long-run equilibrium will be at point B, with a higher price level.
In macroeconomics, the aggregate demand and aggregate supply model is used to analyze the short-term and long-term equilibrium of an economy. The model consists of two curves: the aggregate demand (AD) curve and the aggregate supply (AS) curve.
1. Short-term equilibrium: Point D represents the short-term equilibrium in the economy. At this point, the aggregate demand and aggregate supply curves intersect, determining the equilibrium output and price level. In the short run, the economy may deviate from its long-run potential output due to various factors such as changes in consumer spending, government policies, or business expectations.
2. Long-run equilibrium: The long-run equilibrium is the point where the economy operates at its potential output level, and there is no upward or downward pressure on prices. In the graph, the long-run equilibrium is represented by point B. In the long run, the aggregate supply curve is vertical, indicating that the economy has reached its full capacity. Factors such as technology, labor force growth, and capital accumulation determine the economy's productive capacity.
When the economy starts from the short-term equilibrium at point D, several adjustments occur over time to reach the long-run equilibrium at point B:
Wage and price adjustments: In the long run, wages and prices are flexible and adjust to changes in supply and demand. If the economy is initially at a short-term equilibrium below the potential output, firms will increase production and employment, leading to higher wages and prices.
Increase in aggregate supply: As wages and prices rise, the aggregate supply curve shifts to the left, reflecting higher production costs. This adjustment continues until the economy reaches its long-run potential output, represented by the vertical aggregate supply curve.
Higher price level: The increase in production costs leads to a higher price level in the long run. This reflects the fact that the economy is operating at full capacity, and any further increase in output would require higher prices to compensate for the increased costs.
Overall, the transition from the short-term equilibrium at point D to the long-run equilibrium at point B involves adjustments in wages, prices, and the level of output until the economy reaches its potential output level and a higher price level in the long run.
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Related Questions
A machine costing $30,000 and on which $25,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
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On July 1, 2014, Dillman Kennels sells equipment for $66,000. The equipment originally cost $180,000 and had an estimated 5-year life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal.
Accumulated depreciation is not recorded separately on the balance sheet. Instead, it's recorded in a contra asset account as a credit, reducing the value of fixed assets.
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which industry suffered from overproduction during the early 1920s?
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The agricultural and manufacturing industries suffered from overproduction during the early 1920s.
In the early 1920s, the United States experienced a period of economic growth and prosperity known as the Roaring Twenties. However, this period was also marked by overproduction in several industries.
One of the industries that suffered from overproduction during this time was the agricultural sector. After World War I, farmers increased their production to meet the high demand for food during the war. However, once the war ended, the demand decreased, leading to a surplus of agricultural products. This surplus caused prices to plummet, and many farmers struggled to sell their crops at a profitable price.
Additionally, the manufacturing industry also faced overproduction issues during this time. The rapid industrialization and technological advancements led to increased production capacity, but the demand for goods did not keep pace. As a result, manufacturers were left with excess inventory, leading to financial difficulties for many companies.
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the question I have is on the sheet
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Answer:
I think it's first one tooo
Do you have to go to college? or can you go straight to the university?
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Explanation:
continue go to college
Select the correct answer. Why do car manufacturers offer dealer incentives? a. So that dealers only keep the manufacturer's cars on their lot b. So that dealers make an extra effort to sell the manufacturer's cars c. So that dealers keep the manufacturer's new car models on their lot.
Answers
Car manufacturers offer dealer incentives to motivate dealers to sell more of their cars. So that dealers make an extra effort to sell the manufacturer's cars. Therefore, the correct answer is option b.
Dealers receive these incentives in the form of cash bonuses, discounts, or refunds in exchange for achieving their sales goals or other great performance.
If dealers are given incentives to do so, they might be more likely to advertise the manufacturer's automobiles. Manufacturers can encourage dealers to sell more of their vehicles and grow their market share by offering dealer incentives.
Therefore, the correct answer is b. So that dealers make an extra effort to sell the manufacturer's cars.
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massive dynamics has an ebit of $2 million per year forecast in perpetuity. its cost of equity is 16% and its tax rate is 28%. if massive dynamics borrows $5 million, what will be the value of the firm?
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If massive dynamics borrows $5 million, then the value of the firm is 10.40 million.
Value of all equity Firm =EBIT(1-Tax Rate)/Cost of Equity =2000000(1-28%)/16%=9000000
Value of the firm =Value of all equity firm +Debt ×Tax Rate =9000000+5000000 ×28% =10,400,000 or 10.40 million
An investment company that uses its own money or capital from other investors for its expansion and startup operations is referred to as an equity firm or private equity firm. Typically, equity firms do not have a public listing and their shares are not traded on the stock exchange. The market value of a company is determined by adding the market values of all outstanding debt, common shares, and preferred shares. Comparing the market value of capital (equity) to the adjusted value of capital yields this measurement (equity).
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Phenol is a weak organic acid. Its salts are called phenoxides. What is the buffer capacity
towards added base of 50. 0 mL of a 0. 34M phenoxide buffer at pH 9. 4? (Show work for your answer) Ka=1. 6*10^-10
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To determine the buffer capacity towards added base, we need to calculate the concentration of the acid and its conjugate base in the buffer solution. From the given information, we have 50.0 mL of a 0.34 M phenoxide buffer at pH 9.4.
First, let's calculate the concentration of the phenol (acid) and the phenoxide (conjugate base) using the Henderson-Hasselbalch equation:
pH = pKa + log([A-]/[HA])
Given pH = 9.4 and pKa = -log(Ka) = -log(1.6*10^-10) = 9.8, we can rearrange the equation and solve for [A-]/[HA]:
9.4 = 9.8 + log([A-]/[HA])
-0.4 = log([A-]/[HA])
[A-]/[HA] = 10^(-0.4) = 0.3981
Now, let's calculate the concentration of phenol (acid) and phenoxide (conjugate base) in the buffer solution:
[HA] = ([HA]initial - [A-]added) = (0.34 M - 0) = 0.34 M
[A-] = ([A-]initial + [A-]added) = (0 M + 0.3981 * 0.34 M) = 0.135 M
The buffer capacity (β) can be calculated using the formula:
β = Δ[A-] / ΔpOH
Since we are adding a base, the change in pOH is equal to the negative logarithm of the concentration of added base. In this case, no base is added, so the change in pOH is 0. Therefore, the buffer capacity β becomes:
β = Δ[A-] / ΔpOH = Δ[A-] / 0 = ∞ (infinity)
The buffer capacity towards added base is infinite in this scenario since there is no change in the concentration of the conjugate base ([A-]) when a base is added. This indicates that the buffer is highly effective in resisting changes in pH when a base is introduced.
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first come first serve
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Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
Why are entrepreneurs essential to the success of a free enterprise economy?.
Answers
Answer:
Entrepreneurs are important because they are willing to take risks to start new businesses, so they become the catalyst of the free enterprise economy. Most entrepreneurs fail, but some survive and a few even become wealthy.
Explanation:
GAWAIN 2
Panuto, Gamit ang Venn diagram, Thambing ang mga katangian ng balalawiting panudyo,
lugmang de gulong, hugtong, apalalaman, Teulat sa aimang bahagi ang pagkakatulad ng
dalawang karunungang hayang inihahambing,
Tulal Awiting
Papudyo
Tugmang de Galang
Pagkakatulad
Bulong
Palaisipan
Pagkakatulad
Answers
Explanation:
ANG TUGMANG DE GULONG AY ISANG TUMANG TULAANG TUGMANG DE GULONG AY ISANG TUMANG TULA꧁#CarryOnLearning꧂ANG TUGMANG DE GULONG AY ISANG TUMANG TULA꧁#CarryOnLearning꧂❀⊱─━━━━━━⊱༻●༺⊰━━━━━━─⊰❀at the end of its fiscal year, a company must adjust its accounting records for unrecorded accruals and deferrals before it can prepare financial statements.
T/F
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True. At the end of its fiscal year, a company must adjust its accounting records for unrecorded accruals and deferrals before preparing financial statements.
The process of adjusting accounting records for unrecorded accruals and deferrals is known as accrual accounting or the accrual basis of accounting. It is an important step in the preparation of accurate and reliable financial statements.
Accruals refer to revenues earned or expenses incurred during the fiscal year that have not yet been recorded in the company's accounting system. Deferrals, on the other hand, refer to revenues received or expenses paid in advance that need to be allocated over multiple accounting periods.
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A special type of goal that acts as a stepping stone for other goals is called
an inner-term goal
a mid-term goal
a part-term goal
a short-term goal
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A special type of goal that acts as a stepping stone for other goals is called short-term goal
A unique kind of shorter-term goal is an enabling goal. It is composed in order to advance a longer-term objective. Enabling goals serve as stepping stones that allow us to track our development toward longer-term objectives.
Even while short-term objectives aren't always easy to achieve, they're nevertheless crucial steps in the right direction. It is preferable to further divide them into weekly or monthly stepping stone goals when organizing these. This will lay the groundwork for achieving your goals.
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Answer: short-term goal
Explanation: I hope this helps you
Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answers
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What number is 0.1 more than 30.7?
Answers
Answer:
30.8
Explanation:
Why price will be low in a market economic system?
Other than competitors
Answers
Answer:
In a market economy Price is determined by demand and supply, for example when there is a low price for a good it means the demand is low. However in market economy price for abundant goods never gets high to a critical point due to the fact of consumer sovereignty environment which consumers are the rulers for suppliers.
In the market for hotel / motel rooms in the vicinity of Disneyland, the market has a large number of suppliers who each offer a slightly different products with different brands, themes and hotel amenities. Which industry type would accurately describe this market
Answers
The industry type that accurately describes this market is the hospitality industry, specifically the subcategory of accommodations.
There are numerous suppliers such as hotels, motels, and resorts, each offering unique products and amenities to cater to the diverse needs and preferences of customers. The market for hotel/motel rooms in the vicinity of Disneyland is highly competitive, with each supplier striving to differentiate themselves through their brand, theme, and various amenities to attract customers.
The industry type that would accurately describe the market for hotel/motel rooms in the vicinity of Disneyland, where there are a large number of suppliers offering slightly different products with different brands, themes, and hotel amenities.
The industry type that accurately describes this market is monopolistic competition. In a monopolistic competition market, there are numerous suppliers providing differentiated products, allowing them to have some control over pricing and attracting consumers based on unique features and branding.
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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Answers
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
approximately how long will it take ethiopia to double its real gdp per person of $100 if its growth rate of real gdp per person is 0.9 percent?
Answers
It would take approximately 78 years for Ethiopia to double its real GDP per person of $100 if its growth rate of real GDP per person remains at 0.9 percent.
Based on the given information, we can use the Rule of 70 to estimate how long it will take Ethiopia to double its real GDP per person of $100. The Rule of 70 states that the doubling time can be estimated by dividing 70 by the annual growth rate.
So, if Ethiopia's growth rate of real GDP per person is 0.9 percent, we can calculate the doubling time as follows:
Doubling time = 70 / 0.9 = 77.8 years (rounded to the nearest whole year)
Therefore, It's important to note that this is just an estimation and that actual growth rates may vary over time.
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describe four threats in the revenue cycle and identify appropriate controls for each threat.
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Four threats in the revenue cycle and appropriate controls for each threat are:
1. Sales fraud: This threat involves the manipulation of sales transactions to inflate revenue, such as recording fictitious sales or applying incorrect pricing or discounts. Appropriate controls to mitigate this threat include:
Segregation of duties between sales, billing, and collections functions to ensure that no one person has control over the entire sales process.Implementing a sales order approval process that verifies the accuracy of sales orders and ensures that they are authorized.Regularly monitoring sales transactions for unusual patterns or trends and investigating any discrepancies.2. Cash receipt fraud: This threat involves the theft or misappropriation of cash or checks received from customers. Appropriate controls to mitigate this threat include:
Requiring dual control over cash handling, with two employees required to count and deposit cash and checks.Using pre-numbered receipts for all cash and check transactions to ensure that all receipts are accounted for.Conducting periodic surprise audits of cash on hand and comparing them to recorded amounts.3. Billing and accounts receivable fraud: This threat involves the manipulation of customer accounts to inflate revenue or delay collections, such as recording fictitious credits or delaying the recording of returns. Appropriate controls to mitigate this threat include:
Segregation of duties between billing and accounts receivable functions to ensure that no one person has control over both processes.Requiring approval for all credit memos and returns, and ensuring that they are properly authorized and documented.Regularly monitoring customer accounts for unusual activity or discrepancies and investigating any issues.4. Inventory and shipping fraud: This threat involves the manipulation of inventory and shipping records to inflate revenue, such as recording fictitious shipments or inflating inventory levels. Appropriate controls to mitigate this threat include:
Segregation of duties between inventory management and shipping functions to ensure that no one person has control over both processes.Conducting regular physical inventory counts to verify inventory levels and reconcile them to recorded amounts.Monitoring shipping and receiving activities for unusual patterns or trends and investigating any discrepancies.By implementing these controls, organizations can help mitigate the risks associated with these threats and ensure the integrity of their revenue cycle processes.
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HOW IS EVERYONE i love u all and enjoy helping you where u may struggle
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Answer:
THANK YOU SOOO VERY MUCH. I need assistance with my question
What are the 4 values in agile?
Answers
The four basic values of Agile software development as expressed by the Agile Manifesto are:
people and collaborations over cycles and apparatuses;working programming over thorough documentation;client coordinated effort over agreement discussion; and.answering change over sticking to the script.Proponents of Agile methodologies say the four qualities framed in the Agile Manifesto advance a product improvement process that spotlights on quality by making items that address shoppers' issues and assumptions.
The 12 standards are expected to establish and uphold a workplace that is centered around the client, that adjusts to business targets and that can answer and turn rapidly as need might arise and market influences change.
The four basic values of Agile software development as expressed by the Agile Manifesto are:
people and collaborations over cycles and apparatuses;working programming over thorough documentation;client coordinated effort over agreement discussion; and.answering change over sticking to the script.Know more about the values of agile - https://brainly.com/question/29782063
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A written agreement with a promise to pay a supplier a specific sum of money at a definite time is a(n) ______.
Answers
Answer: Promissory note
Explanation:
which historical perspective is grounded in the twin notions of the freedom of the marketplace and of market competition that became dominant in the 1990s and continues with force today?
Answers
The foundation of the free marketing point of view is the coexisting, powerful ideas of market competition and market freedom that first gained traction in the 1990s.
What are types of freedom?Freedom of expression, freedom of thought, freedom of expression, freedom of press, freedom to select ones personal position in life, freedom from religion, freedom from slavery and servitude, and freedom of mobility are some examples of different types of freedom.
What is freedom and why is it important?Freedom, in essence, is the capacity to choose our own actions. We are free to express our opinions openly, to follow the course we want to take in existence, and to interact with anyone we desire. This enables us to be unique individuals who may design our own special lives.
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Over the last 100 years, marginal tax rates have been fluctuating constantly. Place the years in order by how high the top marginal rate was at the time. Place the year with the highest rate first.
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Which of the following is not true about the use of apps?A) The average U.S. consumer spends over three hours a day using apps.B) Users still spend less time using apps than they do using desktops or mobile websites.C) Apps are easier to control and monetize than websites.D) Around 280 million people worldwide launch a smartphone app more than 60 times a day.
Answers
Option B) Users still spend less time using apps than they do use desktops or mobile websites is not true about the use of apps.
The statement that is not true about the use of apps is B) Users still spend less time using apps than they do using desktops or mobile websites. The average U.S. consumer spends over three hours a day using apps, which is more than the time spent on desktops or mobile websites.
Apps are preferred by many consumers due to their convenience and ease of use, and they are also easier to control and monetize compared to websites. Additionally, around 280 million people worldwide launch a smartphone app more than 60 times a day, indicating the widespread popularity of apps among consumers.
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It is important for business owners to weigh the advantages and disadvantages of each ownership structure because a. There is an established procedure for determining the best form of ownership
B. Individual goals in need to differ which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
Answers
Some of the options in the questions are not correct; here is the correct question:
It is important for business owners to weigh the advantages and disadvantages of each ownership structure because
A. There is an established procedure for determining the best form of ownership
B. Individual goals and needs differ, which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
The correct answer is B. Individual goals and needs differ, which makes each business situation unique.
Explanation:
In businesses, there are different ownership structures; this includes sole ownership, business partnership, franchises, among others. The type of structure determines the internal organization of the business and the responsibilities and roles of those that own the business.
Due to this, selecting the appropriate ownership structure might influence the development of the business and whether this is successful over time. This decision mainly depends on the business situation considering each business is related to different needs, conditions, and goals. For example, a partnership is the best model if you want to share the ownership and responsibilities. This means, despite each ownership structure has advantages and disadvantages the decision should be made based on goals, needs, and situation of the business (Option B).
How did Apple become successful?
Answers
Answer:
Apple went public in 1980, but Jobs eventually left—only to triumphantly return several years later. Apple's success lies in a strategic vision that transcended simple desktop computing to include mobile devices and wearables. Both performance and design are key drivers of the Apple brand and its ongoing success.
Explanation:
How do I quit my job as cashier already wrote resignation letter
Answers
which section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question?
Answers
703(m) of Title VII section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question.
What is title VII religious exemption??In accordance with Title VII of the Civil Rights Act, businesses must make reasonable accommodations for their employees' honestly held religious views, practises, and observances. Employment discrimination based on religion is also prohibited.
What are examples of religious accommodations?Schedule adjustments (arrivals, departures, floating/optional holidays, flexible work breaks, and any other scheduling adjustments); voluntary shift substitutions and/or swaps; job reassignments, such as changes of position tasks and lateral transfers; and modifications are examples of religious accommodations.
What is an example of a religious belief?Examples of religious views are as follows: the conviction of some Christians that wearing a cross as a representation of your faith is appropriate. the notion that a woman should cover her body or head when practising Islam. the acceptance of intelligent design or creationism.
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