Business, 05.07.2021 20:00 allyssaharrisooy50au
Suppose that prices are sticky in the short-run. Which of the following best describes the economy's response to a negative demand shock?
a. Firms' inventories will decrease, causing them to increase production Ultimately, real GOP will increase and unemployment wil decres.
b. Firms' Inventories will increase, causing them to cut production Vitimately, real GDP will decrease and unemployment will decrease.
c. Firms' inventories will increase, causing them to cut production Ultimately, real GDP will increase and unemployment will increase.
d. Firms' inventories will increase, causing them to cut production. Ultimately, real GOP will decrease and unemployment will increase.
Answers: 3
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Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.
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Suppose that prices are sticky in the short-run. Which of the following best describes the economy's...
Mathematics, 27.05.2020 23:03
Mathematics, 27.05.2020 23:03
Mathematics, 27.05.2020 23:03